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Iraq’s 2025 oil exports steady as renewed Turkey flows offset Basra dip

Nationwide crude export volumes increased slightly in 2025, but annual revenues fell by $14 billion due to weaker global prices.
A worker stands at the al-Basra Oil Terminal (ABOT), one of Iraq's major export outlets, February 2010. (BEN LANDO/Iraq Oil Report)
Ben Van Heuvelen and Staff of Iraq Oil Report
Thursday, January 8th, 2026

Iraqi crude sales declined slightly in December, capping a year in which overall export volumes held steady but revenues dropped on weaker global prices.

Exports in December averaged 3.473 million barrels per day (bpd) according to initial Oil Ministry data,* down from 3.553 million bpd in November.

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