Iraq Generated $3.487 Billion from Oil Exports in July
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Iraq Generated $3.487 Billion from Oil Exports in July

ERBIL - Iraq's Oil Ministry revealed on Saturday that the country has generated $3.487 billion from oil exports in July.

The ministry explained in a press release that the total oil exports for July averaged 2.763 million barrels per day (bpd), including 2,668 million bpd from Basra oilfields.

The average price per barrel was $40.70 in July, the statement added.

The coronavirus pandemic has affected Iraq's economy as the country almost entirely relies on oil revenues.