Markets

Iraq oil exports 2.452mn bpd in May

Published June 2, 2012 Updated June 2, 2012 01:40pm

Exports from southern Basra were 2.086 million bpd in May while shipments from northern Kirkuk were 366,000 bpd, including 7,000 bpd by truck through Jordan, Asim Jihad, a ministry spokesman said.

The average selling price for Iraqi crude 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.

Copyright Reuters, 2012