Iraq Oil Exports for Jan: Volume Down, Prices Up

Iraq's Ministry of Oil has announced preliminary oil exports for January of 101,245,095 barrels, giving an average for the month of 3.266 million barrels per day (bpd), down from the 3.332 million bpd exported in December. The exports from the oilfields in central and southern Iraq amounted to approximately 98,460,050 barrels, while exports from the Kirkuk fields through the port of Ceyhan amounted to 2,475,516 barrels.

While not explicitly stated by the Ministry, these figures seem to imply that exports by road to Jordan totaled 309,529 barrels for the month. Revenues for the month were US$7.690 billion, at an average price of US$75.96 per barrel.