Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Federal Iraq exported 3.52mn b/d in June—all from its southern export facilities. With Iraqi crude prices staying just under $70/B and volumes at near record-highs, this equates to $7.32bn in crude export revenues – the first time since August 2014 that Iraq has recorded back-to-back months in excess of $7bn.
MEES estimates that if export volumes and prices remain stable throughout 2018, Iraq’s annual earnings will be close to 2014’s $84.12bn, though still well shy of 2012’s record $94.03bn when monthly earnings averaged $7.84bn (see chart).If achieved, this would be a 40% increase on last year’s $59.32bn, itself a 36% gain on 2016.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE