Iraq March Crude Exports Rise to Highest Since 1980

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Iraq’s crude oil exports in March rose to the highest level since 1980, a year after former President Saddam Hussein came to power, an Oil Ministry spokesman said.

The Middle East country exported 71.827 million barrels, or 2.317 million barrels a day, in March, Asim Jihad said in an e-mailed statement. The exports generated $8.475 billion, with an average price of $118 a barrel, he said.