After a two-month decline, federal oil export levels rebounded, but overall revenues fell along with global oil prices. Tugboats position a single point mooring (SPM) buoy in the Basra Gulf in January 2012 as Iraq expands its export capacity. (ALI ABU IRAQ/Iraq Oil Report) Iraq ended a two-month decline in federal oil exports in July, though rising sales were not enough to offset a drop in oil prices.The Oil Ministry released preliminary July data on Monday.* Its figures do not include exports managed independently by the Kurdistan Regional Government (KRG), which typically releases its own data in the first week of the month.Federal oil exports averaged 3.202 million barrels per day (bpd) in July, an increase from 3.175 million bpd in June and 3.2 million… This content is for registered users. Please login to continue. If you are not a registered user, you may purchase a subscription or sign […]