Iraq oil exports reach $11.07bn in March amid higher demand – The National

Iraq oil exports reach $11.07bn in March amid higher demand – The National

Iraq exported $11.07 billion worth of oil in March, the highest level for half a century, as crude prices soared amid shortfall fears after Russia's invasion of Ukraine, the oil ministry said.

The second-largest producer in the Organisation of the Petroleum Exporting Countries, Iraq sold "100,563,999 barrels for revenue of $11.07bn, the highest revenue since 1972", the ministry said.

The figures published late on Friday are preliminary, but final data "generally does not vary" much, a ministry official said, speaking on condition of anonymity.