March exports strong despite disruptions

Iraq's oil sector is showing resilience amidst political and financial crises, exporting more than 3.2 million bpd for the fifth straight month.
An Iraqi oil worker at the al-Basra Oil Terminal waits for a tanker to dock on Feb. 21, 2010. (BEN LANDO/Iraq Oil Report)

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Iraqi federal government revenues increased in March due to higher oil prices and exports, though political and economic problems continue to weigh on the country's oil sector.

The Oil Ministry said it exported 101.9 million barrels in March - which works out to an average 3.287 million barrels per day (bpd) - up from 3.224 million bpd in February. The average sale price was about $28.4 per barrel, the ministry said, yielding a monthly total of $2.894 billion.*

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