UPDATE: Iraq’s May exports fall as OPEC-plus extends cuts
Exports declined by about 60,000 bpd as Iraq continues to move toward compliance with recently extended OPEC-plus production caps.
Iraqi Oil Minister Hayyan Abdulghani (second from left) meets with representatives of other OPEC-plus member countries on June 2, 2024 in Riyadh. (Photo credit: Oil Ministry)
UPDATE: A previous version of this article reported that Iraq’s May exports averaged 3.350 million bpd and generated an estimated $8.13 billion in revenue. Iraq Oil Report subsequently obtained more accurate Oil Ministry figures reporting 3.359 million bpd. This article has been updated accordingly.
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