Iraq exports over 100 mln barrels of oil in February

BAGHDAD, March 1 (Xinhua) -- Iraq's Oil Ministry said on Friday that it exported more than 100 million barrels of crude oil in February, bringing in revenue of over 6 billion U.S. dollars.

"The total exports of crude oil in February reached about 101.39 million barrels, at an average of 3.62 million barrels per day," the ministry said in a statement, citing statistics of the State Organization for Marketing of Oil.

It added that Iraq earned about 6.17 billion dollars in revenue in February.

Iraq's economy relies heavily on exports of crude oil, which account for more than 90 percent of the country's revenues.

In 2017, Iraq announced that its proven oil reserves increased to 153 billion barrels from previously estimated 143.1 billion barrels.