Iraq’s oil revenue reaches €3.5bn

Iraq: Revenue from Iraq’s crude oil exports rose to $4.62 billion (€3.5bn) in November, the highest level this year, the State Oil Marketing Organisation said.

The average oil price for exports was $80.59 (€61.4bn) a barrel, compared with $77.10 in October and $73.07 in September, SOMO said.

Revenue from the southern oil hub of Basra climbed to the highest level this year to $3.69bn with exports of 46 million barrels in November.