Iraq’s revenues from oil, which account for the lion’s share of the country’s income, fell in June to their lowest level in 16 months because of rising local demand, an oil ministry spokesman said on July 1.
“We exported around 72 million barrels, at a rate of 2.403 million barrels per day (bpd), during June,” spokesman Assem Jihad told AFP.
He put revenues for the month at $6.453 billion, the lowest such figure since February 2011 when the country took in $6.064 billion in oil sales.
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