Shafaq News- Baghdad
Iraq's crude oil exports from Basra averaged about 870,000barrels per day (bpd) in June, tripling from May after shipping partiallyresumed through the Strait of Hormuz, State Organization for Marketing of Oil(SOMO) said on Wednesday.
Exports through the Ceyhan pipeline averaged about 230,000bpd last month, roughly half the pipeline's historical export rate. Crudeproduced from Iraq's federal oil fields accounted for approximately 176,000 bpdof the total volumes exported through the northern route.
SOMO reported earlier that Iraq's petroleum product exportsfell nearly 16% year-on-year to 2.35 million tonnes in the first quarter of2026. Crude oil remains Iraq's main source of income, accounting for about 90%of federal revenue and generating around 84% of the country's total governmentincome during the first four months of the year.
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