Iraq's oil exports surpass 101 million barrels in May
Baghdad (IraqiNews.com) – Iraq exported over 101 million barrels of oil in May 2025, compared to 100.9 million barrels of oil in April 2025, according to data released by Iraq's State Organization for Marketing of Oil (SOMO).
The total exports of crude oil reached 101,630,925 barrels, Shafaq News reported.
Iraq exported a total of 100,365,335 barrels of crude oil from fields in the central and southern parts of the country in May.
Iraq's oil exports to Jordan reached 309,906 barrels, and the quantities exported from the Qayyarah field in Nineveh province reached 955,684 barrels.
Revenues generated from May's oil exports surpassed $6 billion.
Iraqi oil exports saw minor variations in the first quarter of 2025, as the country adhered to prior production limitations set by OPEC+, particularly given the increase in export quantities during the first two months of the year.
Iraqi oil shipments fell sharply toward the end of 2024, particularly in December and November, due to Baghdad's commitment to voluntary reduction under the OPEC+ agreement.
Experts predict that Iraq's oil shipments will gradually increase in the coming months, with the OPEC+ group of eight members declaring the voluntary resumption of limited volumes beginning in April 2025.
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