Iraq’s crude oil exports in September were at an average of 2 million barrels a day, about the same as the previous month, the head of the State Oil Marketing Organization, or SOMO, told Dow Jones Newswires Wednesday.
Falah Alamri said Iraq exported 1.5 million barrels a day from its southern oil terminals, while the remaining 500,000 barrels a day were exported from northern Iraq.
September marks the third consecutive month that Iraq’s daily oil exports reached at least 2 million barrels a day, due to a gradual recovery in production. Iraq’s total oil exports in August averaged 2.009 million barrels a day; in July the rate was 2.035 million barrels a day.
Alamri said Iraq earned some $4 billion from crude sales in September, bringing total oil sales value for the first nine months of the year to more than $28.6 billion. Iraq sold its crude in September at an average price of $65.30 a barrel, Alamri said.
Alamri also said he expected Iraq’s October exports to either increase or maintain the same rate of September.