Iraq recorded strong oil revenues in August 2025 as crude exports reached nearly 105 million barrels, generating more than $7.16 billion for the state. The Ministry of Oil confirmed the figures in its latest monthly report, underlining Iraq’s continued dependence on crude sales to sustain its economy.
According to the ministry, the total volume of exports for August stood at 104,806,884 barrels. Revenues amounted to $7,160,253,000, reflecting stable demand in global markets. Officials emphasized that the country’s oil industry remains central to government income, especially at a time when OPEC+ producers are making careful adjustments to balance global supply and demand.
The report noted that most of Iraq’s crude shipments originated from the central and southern oil fields. These areas accounted for 103,895,706 barrels of the total exports. Additional shipments were made from other producing regions, ensuring Iraq maintained steady flows to international buyers.
Iraq oil revenues sector has continued to operate under challenging market conditions. Global prices remain volatile due to supply adjustments by OPEC+ and geopolitical risks, but Baghdad has relied on consistent export volumes to support its budget. The Ministry of Oil stressed that Iraq commits to honoring its export obligations and works with international partners to stabilize market conditions.
The August results highlight Iraq’s role as one of the world’s leading crude suppliers. With revenues crossing the $7 billion mark, the country reinforced its strategic position in energy markets. Observers note that Iraq’s ability to sustain such volumes despite political and economic pressures demonstrates the resilience of its oil sector.
Looking ahead, Iraq will continue leveraging its vast crude resources and will engage in talks with OPEC+ to manage production levels and protect its share in global markets.