The price Iraq's oil fetched, which is lower than the global spot market average, increased from $95.02 per barrel in March to $103.71 per barrel in April.

Despite dropping an average 200,000 barrels per day during that time frame, the 1.9 million bpd average brought in $5.92 billion.

Iraq's oil sales totaled $23.9 billion through May 14 this year, according to the U.S. State Department's Iraq Weekly Status Report.

A gain in exports from the north from 319,000 bpd in March to 443,000 bpd in April was offset by a drop from the south, where most of Iraq's reserves are located and exports are shipped. Exports were 1.46 million bpd, down from 1.59 million.

--

Ben Lando, UPI Energy Editor

(e-mail: blando@upi.com)