Iraq exported nearly 533 million barrels of crude oil in the first nine months of 2026, an average 1.9 million barrels per day (bpd), according to a local think tank.
The exports fetched OPEC’s second largest oil producer around $37 billion during that period, Eco Iraq said, citing data by the State Organisation for Marketing Oil (SOMO).
The exports this year are way below Iraq’s oil supplies of 3.4 million bpd to the global market before the eruption of the Iran-US conflict on February 28.
Iraq and other Gulf oil producers have been locked out of the world market with the closure of Hormuz Straits, through which most of their exports pass.
According to SOMO, shipments through Turkey’s Ceyhan port amounted to 50 million barrels of northern Iraqi crude, averaging about 188,000 bpd in addition to 25.1 million barrels from the Kurdistan Region, averaging roughly 93,000 bpd.
Iraqi crude shipments slumped earlier in the year following disruptions to tanker traffic through the Strait of Hormuz, a Gulf shipping channel through which almost 90% of
Shipments have partially recovered over the past weeks, with Oil Minister Bassem Khudair reporting that Iraq’s oil exports exceeded three million barrels per day in September and October.
