Iraqi crude oil exports through official channels brought in just $49.1bn for 2015, down by 42% on 2014’s $84.1bn, and 48% on 2012’s record $94.0bn. This is despite output having risen by 950,000 b/d over the same period (see table).
For 2015, Iraqi production was, at 3.97mn b/d according to MEES estimates, not only an all-time high but just a hair’s breadth from cracking the 4mn b/d mark. (CONTINUED - 585 WORDS)
