Iraq's oil exports to Greece valued at over $5 billion in 2024
Baghdad (IraqiNews.com) – Statistics released on Monday indicated that Iraq's total oil exports to Greece surpassed $5 billion in 2024.
Iraq supplied almost nine million tons of crude oil to Greece, valued at $5.41 billion, with a 21 percent annual growth rate between 2020 and 2024, Shafaq News reported.
According to the figures, Iraq exported 8.2 million tons of crude oil to Greece, totaling $4.59 billion. It also exported 1.52 million tons of oil derivatives, totaling $812 million.
Greece, Italy, and Turkey are the largest importers of Iraqi crude oil in Europe.
The Iraqi Ministry of Oil revealed in January that the country's oil exports in 2024 surpassed 1.2 billion barrels, where China and India were the largest importers of Iraqi oil.
According to official figures, the country's total oil exports in 2024 were 1.234 billion barrels, while the quantities exported in 2023 were 1.232 billion barrels.
Iraq's daily export rate was 3.31 million barrels, while the monthly export rate was 102.87 million barrels, according to data released by the State Organization for Marketing of Oil (SOMO).
Through Gulf ports, Iraq exports around 70 percent of its crude oil to Asia, particularly China and India, with the rest of the oil exports going to Europe and the United States.
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