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July exports rise as OPEC continues quota hikes

Iraqi oil sales increased in July, even as the fate of a deal to restart northern exports via Turkey remains uncertain.
Iraqi Oil Minister Hayyan Abdulghan (second from right) participates by videoconference in a meeting of the OPEC-plus Joint Ministerial Monitoring Committee on July 28, 2025. (Photo credit: Oil Ministry)
Ben Van Heuvelen of Iraq Oil Report
Monday, August 4th, 2025

Iraqi oil exports increased in July to about 3.37 million barrels per day (bpd), according to a senior Oil Ministry official, up from 3.296 million bpd in June.*

Revenues also appeared to rise. According to an Iraq Oil Report estimate based on preliminary export figures, global benchmark prices, and Iraqi pricing formulas, Iraq earned about $7.15 billion from oil sales in July, up from $6.698 billion in June.

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