Export increase gives Iraq more oil revenues despite price drop

Federal Iraq exports increase by more than 250k bpd and KRG posts slight decline.
Export increase gives Iraq more oil revenues despite price drop
A worker for Iraq's South Oil Company calls in an oil tanker to fill up at the al-Basra Oil Terminal in February 2010. (BEN LANDO/Iraq Oil Report)

Iraq's nationwide oil exports were an average 3.277 million barrels per day (bpd) in October, the highest volumes since May this year and an increase from 3.049 million bpd in September.

The rise in exports comes after the Oil Ministry ordered more than 250,000 bpd of production increases from fields in southern Iraq, despite pressure from the OPEC-plus coalition to limit supply and support global oil prices.

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
Iraq Oil Report Attribution Policy

All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.

Iraq Oil Report Commitment to Independence

Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.

We view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.

To fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.