Iraq’s Crude Oil Exports Stay Flat As Kurdistan Saga Continues

Iraq, OPEC’s second-largest oil producer, exported on average 3.3 million barrels per day (bpd) of oil in May, flat compared to April, according to the Iraqi oil ministry. Iraq’s revenues from oil stood at $7.3 billion last month, as sales were made at an average of $71.30 per barrel, the ministry said in a statement carried by Reuters. Iraq is currently exporting oil only via its southern oil export terminals, with around 450,000 bpd of exports from the northern fields and from the semi-autonomous region of Kurdistan still shut in…