Iraq Generates Increased Revenue From Crude Exports in July
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Iraq, home to the world’s fifth-largest proven oil reserves, generated 6.9 percent more from crude sales in July, compared with the previous month, according to the Oil Ministry.
The Middle East nation earned $7.27 billion from the export of 2.32 million barrels a day of crude in July, Asim Jihad, a ministry spokesman, said in an e-mailed statement. Iraq generated $6.8 billion from the shipment of 2.33 million barrels a day in June.