Iraq earned nearly $7 billion from oil exports in September, the Ministry of Oil reported. The country shipped more than 102 million barrels of crude oil during the month. These exports generated revenues of about $6.96 billion, reflecting Iraq’s continued importance in the global oil market.
Final data from the State Oil Marketing Organization (SOMO) show that total exports, including condensates, reached 102,150,362 barrels in September. This represents a small decline compared to August, when Iraq exported over 104 million barrels. During that month, Iraq earned $7.16 billion in oil revenues.
The minor drop in exports is linked to global market fluctuations and logistical adjustments at Iraq’s main oil terminals. Despite the decrease, Iraq remains one of the largest crude oil exporters in the Middle East. The Oil Ministry confirmed that the nation continues to maintain production levels in line with OPEC+ agreements and international demand.
Iraq’s oil sector is vital for the national economy. It funds public projects, salaries, and infrastructure development across the country. Analysts note that oil revenues account for a large portion of Iraq’s GDP. Export performance is therefore a key economic indicator.
SOMO officials emphasized efforts to improve shipment efficiency and optimize export routes. These measures have helped minimize losses from the slight dip in monthly revenue. Iraq also continues to secure long-term contracts with international buyers. Stable agreements are essential to maintain steady income and protect the economy from market volatility.
Experts predict that Iraq’s oil exports may rise in the coming months as global oil prices stabilize. Investments in port infrastructure and refinery capacity are expected to support higher production. The Ministry of Oil aims to strengthen Iraq’s position in the global oil market and ensure sustainable revenue growth.