The Ministry of Oil has released new figures confirming a strong month for Iraq crude oil sales. In total, the country exported 98,882,613 barrels in a single month. Clearly, these results highlight Iraq’s continuing influence in global energy markets.
Specifically, most of the oil came from fields in central and southern Iraq. These regions accounted for 97,718,994 barrels. In comparison, Qayyarah fields contributed 946,741 barrels, while exports to Jordan added 216,878 barrels to the overall volume.
Furthermore, the average daily export rate reached 3.296 million barrels. This marks a slight increase from the previous month. Once again, the sales of Iraqi oil are meeting international demand and delivering a reliable supply.
As a result, the total revenue from these exports hit $6.7 billion. The average price per barrel stood at $67.74. Undoubtedly, these earnings provide vital support for Iraq’s national budget and economic growth.
According to the Ministry, oil production remains steady and matches strategic goals. Daily output is consistent, ensuring Iraq meets its commitments. Therefore, these figures reinforce the country’s broader economic objectives.
At the same time, Iraq is working to deepen ties with global oil buyers. It continues to collaborate with international partners. Ultimately, this cooperation aims to boost trade and open new markets.
In addition, the government is upgrading critical infrastructure. Work is underway to modernize pipeline systems and enhance export terminals. Consequently, these improvements will increase efficiency and reduce delivery times.
Importantly, oil remains Iraq’s most valuable export and key source of income. The government uses oil revenues to fund services, investments, and long-term development. With this in mind, and with demand remaining strong, Iraq’s oil continues to perform well.
The Ministry emphasized its commitment to transparency. It will keep publishing monthly updates on oil exports. Overall, these reports are crucial for investor confidence and industry oversight.
The latest report on the sale of Iraq’s oil confirms strong output, stable growth, and positive momentum. With stable exports and increasing cooperation, Iraq is on track to strengthen its position in the global oil market.
