ALBAWABA - The Iraqi Ministry of Oil announced that revenues generated from oil exports to the global market exceeded $7 billion last month.
In a report issued Thursday, the ministry clarified that crude oil exports for March reached 100,913,027 barrels.
The ministry said that the revenues amounted to $7,506,401,000, which meant that the average price per barrel for the crude it sold was $74.38.
Iraq relies on crude oil exports sold in the global market for 95 percent of the money that ends up in its treasury.
