Iraq’s Oil Export Revenue in May Increases to Most This Year
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Iraq, holder of the world’s fifth-largest oil reserves, exported 2.23 million barrels of oil a day in May, with record revenue this year of $7.4 billion, said Falah al-Amri, chairman of the State Oil Marketing Organization.
Iraq sold crude at an average price of $108 a barrel last month, he said today in a telephone interview from Baghdad.