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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Iraq Exports $11.07 Billion of Oil During March, Highest for 50 Years

Oil ministry figures show Iraq exported more crude last month than it has since 1972 Hussein FALEH AFP/File

Iraq exports of oil reached $11.07 billion last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia's invasion of Ukraine, the oil ministry said.

The second largest producer in the Organization of the Petroleum Exporting Countries (OPEC), Iraq exported "100,563,999 barrels for revenues of $11.07 billion, the highest revenue since 1972", the ministry said, AFP reported.

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