Iraq Exports 2.452m bpd Crude in May
Reuters reports that Iraq’s oil exports in May averaged 2.452 million bpd, down from 2.508 million bpd in April.
The spokesman for the Oil Ministry, Asim Jihad, said on Saturday that exports from Basra (pictured) were 2.086 million bpd in May, with another 366,000 bpd from Kirkuk, including 7,000 bpd sent by truck through Jordan.
The average selling price for the month was $105 per barrel. From the start of 2012 to May, Iraq generated $39 billion in oil revenues with an average selling price of $112 per barrel.