Iraq exports over 600 million barrels of oil in 2025's first half
According to the figures, Iraq's total oil exports in the first half of the year were 606.58 million barrels, representing 101.09 million barrels per month.
SOMO reported that revenue generated from oil exports in March, April, May, and June totaled $27.5 billion.
Due to ongoing production cuts in line with OPEC+ agreements and additional voluntary reductions, Iraq's average crude oil and derivative exports fell by 110,000 barrels per day in the first quarter of 2025.
Iraq's average crude oil and petroleum derivative exports during 2024 increased to 3.64 million barrels per day compared to 3.55 million barrels per day in 2023.
Over 70 percent of Iraq's oil exports in the first quarter of 2025 were sent to Asian buyers, who continued to be the largest consumers of Iraqi oil. The top three countries on the list were China (1.34 million barrels per day), India (940,000 barrels per day), and South Korea (380,000 barrels per day).
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