BAGHDAD, Iraq, Mar 2 (NNN-NINA) – Iraq’s Oil Ministry said on Friday, that, it exported more than 100 million barrels of crude oil in Feb, bringing in revenue of over six billion U.S. dollars.
“The total exports of crude oil in Feb reached about 101.39 million barrels, at an average of 3.62 million barrels per day,” the ministry said, in a statement, citing statistics of the State Organisation for Marketing of Oil.
Iraq’s economy relies heavily on exports of crude oil, which account for more than 90 percent of the country’s revenues.
In 2017, Iraq announced that its proven oil reserves increased to 153 billion barrels from previously estimated 143.1 billion barrels.– NNN-NINA
