Iraq's July oil exports dip on lack of shipments from Kirkuk
BAGHDAD (Reuters) — Iraq's oil exports fell to 3.230 MMbpd in July from 3.273 MMbpd in June as no shipments were made from the northern Kirkuk field, the oil ministry said on Tuesday.
The volume announced by the ministry accounts for shipments from the fields supervised by the central government in Baghdad, and does not include those from the autonomous Kurdish region in northern Iraq.
All the volumes sold in July came from the southern fields and none from Kirkuk, the only field supervised by the government in north, the statement said. In June, Iraq shipped 677,413 bbl from Kirkuk, an average of 22,000 bpd. The average sale price in July was $43.80/bbl, generating $4.386 B in revenue, the statement said. Iraq generated $4.13 B from oil sales in June and sold its crude for $42/bbl, the ministry said. Iraq is the second largest OPEC producer after Saudi Arabia.
Reporting by Maher Chmaytelli; editing by Louise Heavens and Jason Neely
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