The latest news on Iraq Oil Exports – crude oil, oil pipelines and more – brought to you by Iraq Business News
By John Lee. According to Reuters, two tankers entered the Persian Gulf on Wednesday en route to Iraq: The Alicia, capable of carrying 2 million barrels of oil, is reportedly heading to Iraq to load a cargo on Thursday; The Malta-flagged Agios Fanourios I is said to be heading to Iraq to load Basra crude […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for March 2026. Total exports of crude oil (including condensates): 18,604,951 barrels. Exports from the oil fields in central and southern Iraq amounted to 14,561,534 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 1,271,200 barrels. Exports […]
By John Lee. The North Oil Company (NOC) has reportedly received the first shipment of crude oil from Basra at its K1 station in Kirkuk, following rehabilitation works and an increase in operational capacity. The delivery marks the start of crude transfers by tanker trucks from southern Iraq to the north, with unloading operations beginning immediately […]
By John Lee. The Iraqi government has approved new measures to support oil marketing, storage, and domestic fuel supply, including expanded operational flexibility for key state entities. Under the decision, Iraqi Oil Tankers Company (IOTC) has been authorised to lease available tankers in the Gulf region for use in storage or other purposes aimed at extending […]
By John Lee. In a significant development, Iraq has confirmed cooperation with Iran to allow the passage of Iraqi oil through the Strait of Hormuz, following high-level discussions in Baghdad on Sunday. Iraq's Minister of Foreign Affairs, Fuad Hussein, expressed his appreciation for allowing tankers carrying Iraqi oil to pass through the Strait, noting the […]
By John Lee. Iraq's State Oil Marketing Organization (SOMO) has confirmed that Iraq exported approximately 18 million barrels of oil in March, generating revenues of nearly $2 billion, equivalent to about 28 percent of February's pre-crisis revenues. In a video statement, Director General Ali Nizar Al-Shatri [Shatari] said that SOMO coordinated closely with buyers and increased […]
By Alisha Chhangani, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Inside Tehran's toll booth There is a lot of attention right now on how Iran is managing access to the Strait of Hormuz -- operating a kind of […]
By John Lee. The United Nations Development Programme (UNDP) has warned that recent regional military escalation is creating economic and fiscal risks for Iraq, particularly through disruptions to trade, air transport, and oil revenues. According to the report, Iraq's early airspace closures disrupted air cargo routes, delaying shipments of high-value goods and reconstruction materials. This has […]
By John Lee. The Al-Waleed border crossing has been reopened on a trial basis for the transit of crude oil tankers between Iraq and Syria, according to local officials. Mujahid Mardhi Al-Dulaimi, Director of Al-Waleed district, told state-run Iraqi News Agency (INA) that operations began with the initial movement of tankers across the border, marking […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq pivots north as Strait of Hormuz closure forces rethink on oil flows Iraqi authorities are scrambling to contain a looming financial crisis as the Israeli-US war on Iran shows few signs of […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for February 2026. Total exports of crude oil (including condensates): 99,872,220 barrels. Exports from the oil fields in central and southern Iraq amounted to 93,349,480 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,551,610 barrels. Exports […]
By John Lee. Conflicting tracking data has raised uncertainty over the movements of the Omega Trader, an oil supertanker carrying Iraqi crude, amid ongoing disruption to shipping routes near the Strait of Hormuz. Ship-tracking data in recent days reportedly indicated the tanker had arrived near Mumbai, while its manager, Mitsui OSK Lines Ltd, said the […]
