Oil revenues high, despite export disruptions

Persevering through accidents and bad weather, Iraq's production is up and exports are steady, earning more than $7 billion in August, even as prices slide.
An oil worker walks past pressure gauges at the Anzalla oil field in Ninewa province. (JOE RAEDLE/Getty Images)

BAGHDAD - Iraq earned more than $7 billion in oil revenue for the sixth month in a row, though a recent accident at the Rumaila oil field and supply fluctuations from the Kurdistan region have disrupted production levels.

August exports increased slightly to 2.19 million barrels per day (bpd), according to new Oil Ministry data. In the first eight months of the year, though oil sales wavered, the price climbed from January's average $90.78 per barrel, and Iraq has claimed $55.73 billion so far, compared to $51.4 billion in all of last year.

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