Iraq’s oil exports rise by 11% in March

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Iraq’s oil exports rose by 11.5 per cent on an annual basis in March to 107.05 million barrels.

The Iraqi Oil Ministry said on Sunday that the value of its oil exports last month amounted to $ 6.4 billion.

The average price per barrel recorded $ 60.114. The exported quantities were loaded by 39 international companies of different nationalities from the ports of Basra, Khor Al-Aamya and the floats on the Gulf.

Fun Fact: Iraq relies on oil sales revenues to finance up to 95 per cent of state expenditure. 

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