Iraq exited 2017 on a high note with record federal crude exports of 3.535mn b/d in December. This edged out December 2016’s previous record of 3.519mn b/d. With average crude export prices averaging a more than three-year high of $59.29/B, revenues of $6.496bn were the most since September 2014.

Full-year revenues of $59.3bn were the highest since 2014’s $84.1bn, and marked the first annual rise since that year. (CONTINUED - 1635 WORDS)