Iraq's oil exports average 2.76mln bpd in July, says ministry

The exports included 2.668mln bpd from its southern Basra oilfields

  
Image used for illustrative purpose. A workerss sprays disinfectant on valves as a preventive measure against coronavirus, at Nahr Bin Umar oil field, north of Basra, Iraq March 15, 2020.

Image used for illustrative purpose. A workerss sprays disinfectant on valves as a preventive measure against coronavirus, at Nahr Bin Umar oil field, north of Basra, Iraq March 15, 2020.

REUTERS/Essam Al-Sudani

BAGHDAD - Iraq's total oil exports for July averaged 2.763 million barrels per day (bpd), the oil ministry said in a statement on Saturday.

The exports included 2.668 million bpd from its southern Basra oilfields, it said, adding that total exports generated $3.487 billion of revenue. The oil price per barrel averaged $40.70.

Iraq which relies almost entirely on oil for state revenue has been hit hard by low oil prices during the coronavirus crisis and has cut exports in line with OPEC production cuts.

(Reporting by John Davison; Editing by Edmund Blair) ((John.Davison@thomsonreuters.com;))

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