Iraq's crude oil exports rise by 40,000 barrels per day in June
The volume of crude oil that Iraq exported by sea increased from 3.23 million barrels per day in May 2025 to 3.27 million barrels per day in June 2025, Attaqa News reported.
On an annual basis, Iraq's seaborne oil exports decreased to 3.32 million barrels per day during the first half of 2025, compared to 3.43 million barrels per day in the same period in 2024.
Iraq and other OPEC+ member countries agreed to increase the output by 411,000 barrels per day in May and June 2025, which was higher than first anticipated.
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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