Iraq’s Ministry of Oil reported that crude exports totaled about 70 million barrels in August, generating preliminary revenues of nearly $4.5 billion, with average daily exports exceeding 2 million barrels.
According to preliminary data released by the oil ministry, August figures demonstrate a marked recovery in export volumes compared to previous months, following the resolution of operational and logistical bottlenecks that had temporarily constrained shipping flows, Voice of Emirates reported.
Baghdad leveraged competitive pricing discounts and improved maritime logistics to attract Asian and international buyers, effectively bolstering crude deliveries to key global markets.
Ultimately, oil revenues remain the cornerstone of Iraq’s public finance and national budget. The strong performance in August highlights the oil ministry’s ongoing strategy to secure market share and maintain export momentum despite global price volatility and regional shipping disruptions.