Iraqi oil exports steady in October
Muted oil sales reflect Iraq's ongoing efforts to comply with OPEC-plus quota agreements.
Workers from the state-run Iraqi Drilling Company drill a well at the Buzurgan field in October 2024. (Photo credit: Oil Ministry)
Iraqi oil exports held steady at just over 3.3 million barrels per day (bpd) in October, according to official Oil Ministry figures, as the government appeared to continue restraining output in response to pressure from OPEC-plus.
The Oil Ministry no longer publishes monthly revenue figures, but an Iraq Oil Report analysis based on export volumes and international benchmark pricing suggests the government earned about $7.47 billion, up slightly from $7.11 billion in September.
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