Peregraf — Iraq’s oil exports fell by approximately 81.4 percent in March compared to February, while revenues dropped by about 71.3 percent, according to official data released by the Ministry of Oil and the State Organization for Marketing of Oil.
The Ministry said total crude oil exports, including condensates, reached 18,604,951 barrels in March, generating more than $1.95 billion in revenue.
This compares to February, when exports stood at 99,872,220 barrels, with revenues exceeding $6.81 billion.
Overall, exports dropped by 81,267,269 barrels, representing a decline of approximately 81.4 percent month-on-month. Revenues fell by roughly $4.86 billion over the same period.
Exports from central and southern oil fields totaled 14,561,534 barrels in March, compared to 93,349,480 barrels in February. Shipments from the Kurdistan Region via Turkey’s Ceyhan port reached 1,271,200 barrels in March, down from 5,551,610 barrels in February.
In addition, 2,772,217 barrels of Kirkuk oil were exported through Ceyhan in March. In February, exports also included 971,130 barrels from the Qayyarah field.
The decline comes amid regional turmoil linked to the ongoing 40-day conflict involving the United States and Israel against Iran, which has disrupted energy flows and heightened risks around key export routes. This includes the Strait of Hormuz, through which Iraq exports most of its oil.