Iraq oil revenue drops to $1.95B in March

Shafaq News-Baghdad

Iraq, OPEC’ssecond-largest oil producer, generated more than $1.95 billion in oil exportrevenues in March 2026, down from $6.814 billion the previous month, the Oil Ministry said on Monday.

Citing datafrom the State Organization for Marketing of Oil (SOMO), the ministry reportedtotal crude exports, including condensates, at 18.6 million barrels during themonth.

Exports fromcentral and southern oilfields accounted for the largest share at 14.56 millionbarrels, while shipments from the Kurdistan Region through Turkiye’s Ceyhanport stood at 1.27 million barrels, alongside 2.77 million barrels exportedfrom Kirkuk via the same route.