Shafaq News- Baghdad
Iraq's petroleum product exportstotaled 2.35 million tonnes in the first quarter of 2026, down nearly 16% from2.80 million tonnes during the same period last year, according to datareleased on Tuesday by the State Oil Marketing Organization (SOMO).
The exports consisted of 2.12million tonnes of fuel oil and 234,503 tonnes of naphtha, while no sulfurexports were recorded during the January-March period.
Iraq, OPEC's second-largest oilproducer, relies on crude oil exports for about 90% of federal revenue. According to government accounts through April, oil revenues reached 26.121trillion Iraqi dinars (about $17B), accounting for 84% of the country's totalincome of 31.163 trillion dinars (about $20B) during the first four months of2026.