Iraq oil exports rise to 3.314 million bpd in Feb – ministry
Iraq’s oil exports rose to an average of 3.314 million barrels per day in February, the oil ministry said on Tuesday in a statement, from 3.2 million bpd in January.
The country’s February revenue from oil exports also increased, to $8.54 billion, with an average price of about $92.08 per barrel, it added, from $8.27 billion and an average price per barrel of $83.25 in January.
The Russian invasion of Ukraine which began last week has pushed oil prices above $100 per barrel.
Iraq is increasing crude production on a monthly basis alongside other members of the Organisation of Petroleum Exporting Countries, as part of a deal between the group and other oil producing states like Russia.
Source: Reuters (Reporting by Yasmin Hussein, writing by Maher Chmaytelli, Editing by Louise Heavens)