Iraq's oil exports up in October

BAGHDAD: The Iraqi Oil Ministry says oil exports in October increased to 52.8 million barrels, up by 3.5 million barrels from the previous month.

The ministry says revenues in October were $3.11 billion, down $1.1 billion from the previous month because of the sharp drop in oil prices. Iraqi oil was purchased by 22 international oil companies.

In a statement Sunday, the ministry also said 42.9 million barrels were exported through the Persian Gulf, while 9.9 million barrels were exported via Turkey's port of Ceyhan.

Iraq depends on oil for more than 90 percent of its national budget.
IHT