February oil exports rebound
After a lower OPEC-plus quota appeared to dampen Iraqi exports in January, oil sales bounced back in February.
Workers install a new turbine at the PS1 depot in January 2022 — part of ongoing infrastructure work to increase southern export capacity. (Photo credit: Basra Oil Company)
Iraq's oil exports rebounded in February to average 3.434 million bpd, according to the Oil Ministry, after dipping to 3.339 million bpd in January.
The Oil Ministry usually publishes monthly revenue figures along with export data, but has not yet declared its oil revenue from February. An Iraq Oil Report analysis based on global benchmark pricing data and Iraq's pricing formulas suggests monthly revenues were about $7.96 billion.
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