Nationwide exports declined slightly to 3.318 million bpd as Iraq faces OPEC-plus expectations to limit output to compensate for past overproduction.
A worker with the Basra Gas Company (BGC), a consortium of the state-run South Gas Company (SGC), Royal Dutch Shell, and Mitsubishi, inspects a project site in June 2021. (Photo credit: Oil Ministry)
Published Friday, July 2nd, 2021
Iraq’s nationwide oil exports in June averaged 3.318 million barrels per day (bpd), marginally below May exports of 3.336 million bpd with slight reductions for both federal government and Kurdistan Regional Government (KRG) oil sales.* But higher global oil prices boosted federal revenues from oil sales by $224 million on the month.
Federal exports averaged 2.892 million bpd in June, down from 2.899 million bpd in May, according to monthly data supplied by the Oil Ministry. Loadings from export outlets in the Basra Gulf averaged 2.790 million bpd, and federal exports via the northern pipeline route to Turkey’s Mediterranean terminal at Ceyhan averaged 103,000 bpd.
This content is for registered users
. Please login
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.