Iraq’s oil sector continues to thrive as the country’s oil exports brought in over $6.69 billion. The oil-rich nation recorded a significant volume of crude oil exports during the past month. This strong performance highlights Iraq’s reliance on oil as a primary source of income.
According to the Oil Ministry, Iraq exported a total of 98.88 million barrels of crude oil. This translated to an average of 3.29 million barrels exported each day. The bulk of these exports came from Iraq’s central and southern oil fields, which supplied 97.72 million barrels alone. These areas remain the driving force behind the country’s oil export strength.
In addition, Iraq managed to export nearly one million barrels from the Qayyarah oil field in the north. Though smaller in comparison, this field still contributes to the country’s overall oil strategy. Iraq oil exports shows the country’s consistent focus on expanding its global oil market reach.
Moreover, Iraq supplied 216,878 barrels of crude oil to Jordan. This shipment reflects Iraq’s efforts to build regional oil trade partnerships. Such trade ties help Iraq strengthen both its economy and its political relationships.
These results of Iraq’s oil sector show that Iraq continues to benefit from its rich oil reserves. The high export figures also show the country’s steady presence in the global oil market. By maintaining stable production and exports, Iraq safeguards one of its main sources of national revenue.
Iraq oil exports play a major role in the economy and directly affect the country’s budget and development plans. The oil sector helps support public services, infrastructure, and essential government programs.
Moving forward, the country plans to keep production stable while increasing export opportunities. Iraq hopes to improve its oil infrastructure and explore new markets. These efforts aim to boost oil revenues and improve economic resilience.
Iraq’s oil exports also help strengthen its trade position in the region. The deal with Jordan is one example of how Iraq uses oil to deepen economic cooperation. Continued export success will allow Iraq to invest in long-term development.
In summary, Iraq oil exports remain a central pillar of the country’s financial health. With strong export numbers and growing partnerships, Iraq is on track to maintain its economic momentum.