Iraq has earned some $7.272 billion from oil sales in July, compared with $6.799 billion the previous month due to increase in oil prices, the Iraqi oil ministry said in a statement Tuesday.

Iraq exported in July an average of 2.322 million barrels a day, some 1.2% less than in the previous month, said the statement emailed to Dow Jones Newswires.

Despite the monthly decline in Iraq 's crude oil sales, revenue from those sales in July was higher as global oil prices had increased.

Iraq sold its crude in July at an average price of $101.00 a barrel, compared with around $97.41 a barrel in June, the statement said.
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