During June, Iraq exported one-fifth of its pre-war oil volume.

Data from Vortexa showed that Iraq exported about 780,000 barrels per day of crude oil during June, which is only about 20% of the quantities it exported before the war, making it one of the Gulf countries that has not recovered its previous levels of production and export. Arabs& Middle Easterners

In contrast, the United Arab Emirates raised its crude oil production to more than 3.8 million barrels per day during June, the highest level approaching the record since April 2020, after withdrawing from OPEC and OPEC+ on May 1, which allowed it to increase production outside the quota system.

According to informed sources, the UAE was the fastest among Gulf producers to restore its production, while Saudi Arabia, Kuwait and Iraq remain below pre-war levels, despite the gradual improvement in exports with the resumption of navigation through the Strait of Hormuz.

Shafaq.com