Oil revenues exceed $37 billion

Oil revenues exceed $37 billionThe Eco Iraq Observatory announced that the value of Iraqi crude oil exports reached approximately $37.39 billion, compared to the export of 533.46 million barrels, including 25 million barrels from the Kurdistan Region.

The observatory said in a press release that an official document issued by SOMO and addressed to parliament included data on oil exports and their financial amounts from January to September 2026.

He explained that “this document showed that the total exported quantities amounted to 533,459,327 barrels, with an estimated value of $37,388,384,828.

The observatory added that the amounts deposited in the account of the Central Bank of Iraq amounted to $33,511,194,387 for the same period.

He pointed out that “the quantities of oil pumped through the Turkish port of Ceyhan during the same period:

– North Oil: 50,757,644 barrels, with a daily average of about 188,000 barrels.

– Kurdistan Region oil: 25,095,454 barrels, with a daily average of about 93,000 barrels.

The observatory stressed “the importance of enhancing transparency in publishing data on oil exports and revenues, in order to ensure that the exported quantities match the financial revenues.”

Burathanews.com