By Ahmed Tabaqchali, 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. US Dollar Shipments to Iraq are a Molehill, not a Mountain As the Iran war ramped up, it was reported that the United States halted dollar cash shipments […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for April 2026. Revenue of just over $1 billion was significantly down on pre-war levels, which were typically between $6-7 billion. Total exports of crude oil (including condensates): 9,884,130 barrels. Exports of Basra oil amounted to 4,587,610 barrels. Exports from the Kurdistan […]
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 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. 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. Iraq's Ministry of Oil has announced finalised oil export volumes for January 2026. Total exports of crude oil (including condensates): 107,616,220 barrels. Exports from the oil fields in central and southern Iraq amounted to 101,160,349 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 6,455,871 barrels. Average […]
By John Lee. How does the US control Iraq's oil revenues? Reuters has published an explainer, available via investing.com: Click here to view. (Sources: Reuters / Investing.com)
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for December. Total exports of crude oil (including condensates): 107,651,061 barrels. Exports from the oil fields in central and southern Iraq amounted to 100,420,048 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,997,527 barrels. Exports to […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for November. Total exports of crude oil (including condensates): 106,593,352 barrels. Exports from the oil fields in central and southern Iraq amounted to 98,709,795 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 7,583,733 barrels. Exports to […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for October. Total exports of crude oil: 110,923,047 barrels. Exports from the oil fields in central and southern Iraq amounted to 104,816,106 barrels. Exports from the Kurdistan Region via the Turkish port of Ceyhan amounted to 5,834,864 barrels. Exports to Jordan amounted […]
By John Lee. The Central Bank of Iraq (CBI) has issued a statement clarifying the objectives and functions of its Investment Department: [See also: CBI Instructions for Exchanging Dinars and CBI Denies Dinar Revaluation Rumours as Inflation Falls] Objectives To mitigate risks associated with the investment of foreign reserves whilst achieving acceptable returns thereon. To […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for September. Total exports of crude oil: 102,150,362 barrels. Exports from the oil fields in central and southern Iraq amounted to 102,150,362 barrels. Exports from Qayyarah were not reported separately this month. Average daily crude oil exports: approximately 3.405 million barrels per […]
