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Iraq oil exports flat in January

Export volumes held steady in January while revenues appeared to increase slightly on higher global crude prices.
A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)

Iraqi oil export volumes held steady in January at 3.471 million barrels per day (bpd), according to preliminary Oil Ministry data,* virtually unchanged from the December 2025 average of 3.473 million bpd.

Revenues appeared to increase slightly, from $6.388 billion in December to an estimated $6.469 billion in January, according to an Iraq Oil Report analysis based on international benchmark prices, Iraqi pricing formulas, and published export volumes.

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