Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

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Iraq exports crude oil worth over US$7bn in June 2023

Iraq exported around 300,000 barrels to Jordan in June. (WAM)
  • The majority of these exports - amounting to almost 99 million barrels - originated from the oil fields in central and southern Iraq.
  • The average daily export volume was pegged at over 3.3 million barrels. The average price per barrel for the month was recorded at $71.11.

BAGHDAD, IRAQ –   Total crude oil exports in June reached over 100 million barrels, the Iraqi government said in a statement.

The preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO) revealed that total crude oil exports in June generated revenue of approximately US$7.115 billion.

The majority of these exports – amounting to almost 99 million barrels – originated from the oil fields in central and southern Iraq.

In addition, around 300,000 barrels were exported to Jordan, while exports from Qayyarah totaled over one million barrels.

The average daily export volume was pegged at over 3.3 million barrels. The average price per barrel for the month was recorded at $71.11.

The Ministry of Oil, committed to transparency, has adopted this monthly reporting procedure to keep the public informed about export operations and the revenues they generate.