Oil revenues up despite slight export drop

Rising global oil prices give Iraq a boost despite slight decrease from Basra Gulf terminals.
Tankers loading on Iraq's southern export terminals in the Basra Gulf on Oct. 2, 2014. (ALI ABU IRAQ/Iraq Oil Report)

Federal Iraq earned $7.919 billion in oil revenues in September, its highest take in 52 months, despite a small decrease in Basra Gulf exports.

Nationwide, exports dropped nearly two percent month-on-month, from 4.028 million barrels per day (bpd) to 3.95 million bpd, as the autonomous Kurdistan Regional Government (KRG) loaded fewer tankers despite increased pipeline flows to the Ceyhan port in Turkey.

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