Oil production and revenues increase in July

INA-Baghdad Iraq’s oil exports and revenues increased in July compared with June, according to Oil Marketing Company (SOMO). “Total of crude exports in July from middle and south oil wells were more than 109M barrels, as the revenues more recorded than $7.5 billion,” Asem Jihad, Spokesmen of Ministry of Oil said on Wednesday. He added that the average barrel’s price recorded $69.16, and average daily exports were about 3.5M barrels. Translated by: Khaled Qassim