Increase in Kirkuk oil export in September: revenue reaching $125 million

Kirkuk, 2014 - Kirkuk 2014; an oil facility run by the state-owned Iraq’s North Oil Company. Photo by KirkukNow

KirkukNow - Kirkuk

Crude oil export from the fields of Kirkuk province reached more than 3,133,000 barrels in September, making the revenue about $125 million.

According to numbers from the Iraqi Oil Ministry, the country’s total oil export in September reached more than 78,388,000 barrels, making a revenue of about $3,167,434,000.

In a statement, the Oil Ministry spokesperson Asim Jihad, announced that 3,133,000 barrels of oil from the fields of Kirkuk province was exported through Turkey’s Ceyhan port.

254,785 barrels of crude oil from Kirkuk was also exported to Jordan by tankers.

The exported Iraqi crude was sold at a price of $40.407 per barrel, which makes the revenue from Kirkuk’s export more than $125 million.

In August, crude export from Kirkuk reached 2,989,000 barrels, making a revenue of $130 million. The price per barrel was $43.693 in August.

There are five main oil fields in Kirkuk province: Avana, Bay-Hasan, Qubay-Baba, Jumbur and Khabaza, all of which are run by the state-owned North Oil Company.

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