Iraq’s oil export revenues hit $9 billion in August as the average crude price jumped by more than $6.50 per barrel last month compared to July, according to data from the Iraqi Ministry of Oil cited by Iraqi News. The average price per barrel of oil was $84.78 in August, compared to just over $78 in July. Iraq exported in August a total of 106.12 million barrels of oil, per data from the State Organization for Marketing of Oil (SOMO). The oil export revenues in August exceeded the monthly revenues from each of the previous months…
