(MENAFN - Qatar News Agency) Iraq's oil exports in March ran at an average of 2.317 million barrels a day, putting them on track for the highest monthly volume since the 2003 U.S.-led war, due to a new offshore export terminal, a spokesman for the Oil Ministry said Sunday.
The figure marks a rise from 2.014 million barrels a day in February.
Revenue from crude oil exports hit 8.475 billion in March, the highest in years, Assem Jihad said.
In March, Iraq, a founding member of the Organization of Petroleum Exporting Countries, sold its crude at an average of 118 a barrel, the spokesman said.
Basra light crude exports flowed at 1.917 million barrels a day in March, up from 1.639 million barrels a day in February. The increase is attributed to the operation of a new sea-export terminal at the Gulf in southern Iraq, Jihad said.