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Loadings from Turkey lead slight Iraqi export increase

Iraqi oil sales are still near six-year lows, and revenue has dipped along with global oil prices.
A tanker at the al-Basra Oil Terminal loads crude at night on Feb. 21, 2010. (BEN LANDO/Iraq Oil Report)

Crude loadings from the Turkish port of Ceyhan by both the federal and Kurdistan regional governments increased over the past month, raising Iraq to a monthly nationwide export average of 3.049 million barrels per day (bpd) in September — still near six-year lows.

The average price of oil dropped by nearly $3 per barrel compared to August, which led to lower monthly oil revenues, on which Iraq relies on for more than 90 percent of its national budget.

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