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Iraqi oil exports increased in July

Export increase comes despite lingering terror threat.

By Daniel J. Graeber

BAGHDAD, Aug. 25 (UPI) -- Iraqi oil exports in July, including oil sent from the Turkish sea port of Ceyhan, were 4 percent higher than the previous month, a marketing company said.

The Iraqi State Oil Marketing Organization said Monday a total of 75.7 million barrels of oil were exported from the country in July. Total quantities include oil sent from the southern Iraqi oil terminal in Basra and from the Turkish sea port of Ceyhan, SOMO said.

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July exports were 4 percent higher than the total for June.

SOMO said three American companies -- Chevron, Exxon Mobil and Phillips 66 -- were among the 31 companies that received Iraqi oil last month. Asian economies received the bulk of the oil exported in July, though the organization didn't break down quantities per destination.

SOMO is the only entity authorized to export oil from Iraq, the federal government in Baghdad says. The semiautonomous Kurdish government has exported oil taken from its northern provinces at least since May, to the frustration of Baghdad.

The Islamic State, a Sunni-led terrorist group, has taken control over parts of northern Iraq. The Iraqi Oil Ministry last week warned some oil exported from the country may have come from territory under terrorist control.

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