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Iraq’s Oil Exports rise to 3.12 Mln Bpd in October, Oil Ministry Says

A worker is seen at Iraq's Majnoon oilfield near Basra, Iraq, March 31, 2021. Picture taken March 31, 2021. (Reuters)
A worker is seen at Iraq's Majnoon oilfield near Basra, Iraq, March 31, 2021. Picture taken March 31, 2021. (Reuters)
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Iraq’s Oil Exports rise to 3.12 Mln Bpd in October, Oil Ministry Says

A worker is seen at Iraq's Majnoon oilfield near Basra, Iraq, March 31, 2021. Picture taken March 31, 2021. (Reuters)
A worker is seen at Iraq's Majnoon oilfield near Basra, Iraq, March 31, 2021. Picture taken March 31, 2021. (Reuters)

Iraq’s oil exports for October rose to 3.12 million barrels per day (bpd) from 3.081 million bpd in the previous month, the oil ministry said in a statement on Monday.

Exports from Iraq’s southern Basra terminals reached 3.012 million bpd during October, the ministry said.

Shipments from Kirkuk through the Turkish port of Ceyhan averaged 98,000 bpd, while around 10,000 bpd were shipped by truck to Jordan, the statement said.

Iraq’s October revenue from oil increased to $7.68 billion with an average price per barrel of $79.376.

Iraq sold its crude at an average price of $72.6 in September.

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Saudi Fund for Development, Italy's CDP Sign MoU for Development Collaboration

The MoU focuses on fostering the growth of development sectors. SPA
The MoU focuses on fostering the growth of development sectors. SPA
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Saudi Fund for Development, Italy's CDP Sign MoU for Development Collaboration

The MoU focuses on fostering the growth of development sectors. SPA
The MoU focuses on fostering the growth of development sectors. SPA

CEO of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad signed a memorandum of understanding (MoU) for development cooperation with CEO and General Manager of Italy's National Promotional Institution, Cassa Depositi e Prestiti (CDP), Dario Scannapieco.

The Minister of Investment, Eng. Khalid Al-Falih, attended the signing ceremony held in AlUla on Sunday.

The MoU aims to establish and enhance cooperation in social and economic development shared between the two countries, facilitating the exchange of expertise.

It also focuses on fostering the growth of development sectors that contribute to sustainable development goals (SDGs) and global development efforts, promoting best practices in joint financing and maximizing developmental impact for the growth and prosperity of developing countries worldwide.