Iraq oil growth continues to shape the country’s economy through strong export numbers. SOMO confirms that Iraq shipped more than one billion barrels during the first ten months of the year. This large volume highlights steady demand and strong production levels. Iraq oil growth remains central to national income, so officials monitor export data closely.
SOMO reports total shipments of 1,029,213,454 barrels from January to October. Monthly exports averaged over 102 million barrels. Daily exports reached 3.43 million barrels. These numbers show consistent performance across Iraq’s producing regions. They also prove that Iraq oil growth supports long-term financial planning.
Most shipments came from Basra and central fields. These fields sent 1,005,380,183 barrels through the southern terminals. The ports handled high traffic without major delays. This success reflects strong coordination and stable operations. It also shows how Iraq benefits from reliable southern export routes.
The report also highlights exports from other locations. However, The modern Kirkuk depot sent 3,138,271 barrels to Jordan. The Kurdistan Region exported 5,834,864 barrels through the Ceyhan port. These northern shipments restarted after a long halt. Their return helps strengthen Iraq’s export network and supports Iraq oil growth.
SOMO states that eight months of export sales generated $55.852 billion. This income supports government programs and infrastructure projects.Additionally, it also helps Iraq manage economic pressures. High revenue months boost confidence and help the country plan future energy strategies.
The Ministry of Oil adds more details about recent sales. However, iraq earned more than seven billion dollars from crude shipments in October. Exports for October reached 110,923,047 barrels, including condensates. Central and southern fields provided 104,816,106 barrels. The Kurdistan Region sent 5,834,864 barrels, and Jordan received 272,077 barrels.
These results show strong regional cooperation. as well as, They also reflect Iraq’s ability to manage pipelines, ports, and storage centers under steady demand. Iraq benefits from stable production, organized transportation, and active global markets. This structure keeps exports flowing and supports Iraq oil growth.
Iraq uses this momentum to build a more stable economic future. Higher export volumes strengthen the national budget. They also help Iraq invest in public services and long-term development. The energy sector remains the country’s financial backbone. Iraq plans to continue improving production levels and expanding export capacity.
In conclusion, Iraq’s export performance shows strong growth, high demand, and solid revenue. The country relies on these shipments to support future progress. Iraq oil growth stays essential for financial strength and national stability.