BAGHDAD, Dec 21, 2011 (AFP) - Iraq's revenues from oil exports rose in November for a third straight month but remained below highs from earlier this year, according to figures released by the oil ministry on Wednesday.
Iraq exported 64.1 million barrels of oil last month at an average price of $106.99 per barrel, compared to the 2011 high of 69 million barrels in May, ministry spokesman Assem Jihad said.
Income from crude oil sales in November amounted to $6.833 billion (5.217 billion euros), compared to $6.742 billion in October, but still lower than May's figure of $7.470 billion.
Oil exports amount to more than 90 percent of Iraq's government income, and account for two-thirds of its gross domestic product.
Iraq produces around 2.9 million barrels of oil per day (bpd), but is looking to increase its output capacity to 12 million bpd, a target that observers such as the IMF consider ambitious.
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