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Official figures showed that Iraq’s oil exports decreased last month by over 31,000 barrels per day.
Oil exports from Iraq during November reached approximately 3.29 million barrels per day compared to 3.32 million barrels per day in October, according to Attaqa News.
Iraq exported 3.31 million barrels of oil per day in September, which was 104,000 barrels less than the 3.41 million barrels per day that were exported in August.
Baghdad announced earlier its commitment to production compensations as part of the voluntary oil production reduction plan implemented by the OPEC+ member states.
The Iraqi Ministry of Oil revealed in August that the country’s exports of crude oil surpassed 600 million barrels in the first half of 2024.
According to official figures, Iraq’s total oil exports reached 618,044,445 barrels in the first six months of the year, with an average monthly export of 103,007,407 barrels and a daily estimate of 3,433,000 barrels.
This represents an increase of 3.77 percent compared to the same period in 2023.
Through ports on the Arabian Gulf, Iraq exports around 65 percent of its crude oil to Asian markets, such as China and India, and ships the remaining 20 percent to Europe and 15 percent to the United States.
