Iraq oil revenue remains the main driver of the national economy. The Ministry of Oil reports over 110 million exported barrels in October. This large volume generates nearly seven billion dollars for the country. Iraq oil revenue continues to shape the budget, so officials track each shipment carefully.
According to official data, Iraq exported 110,923,047 barrels in total. The shipments include crude and condensates. Central and southern fields sent more than 104 million barrels. The Kurdistan Region sent over 5.8 million barrelsthrough the port of Ceyhan. Iraq also delivered more than 272,000 barrels to Jordan. These numbers show stable movement across all export routes. They also highlight how Iraq oil revenue grows when production stays strong.
Iraq remains the second-largest producer in OPEC. The country depends heavily on crude exports. Oil makes up more than 92 percent of national income. Because of this, Iraq focuses on strengthening its export network. Most shipments go to Asian buyers. Smaller amounts move toward Europe and the United States. These markets continue to support Iraq oil revenue and keep demand steady.
The Ministry of Oil also compares current performance with past shipments. Last year, Iraq exported more than 103 million barrels from several fields and sites. These included central and southern production areas, the Qayyarah field, and shipments to Jordan. The increase this year shows higher stability and stronger demand. It also reflects better coordination between producing regions.
Furthermore, Iraq’s export levels support its wider economic plans. Higher crude sales help the government fund services, invest in infrastructure, and improve financial stability. Oil income remains essential for these goals. Therefore, Iraq aims to keep production high and maintain reliable export routes. The country also works to avoid disruptions that could slow growth.
In addition, Iraq monitors global markets closely. Oil prices change often, so stable output helps balance the effects. Strong exports help Iraq reduce risks and maintain confidence among international buyers. The Ministry of Oil continues working on strategies that support growth while meeting global demand.
In conclusion, Iraq reports strong export numbers and solid growth in energy income. The country relies on these shipments to support development and maintain financial health. Iraq oil revenue continues to guide economic planning and future goals.