Oil accounts for 90% of government revenue, making the recovery crucial for Iraq's economy. Baghdad aims to boost export capacity to 5 million barrels per day once new pipelines and terminals are completed. These projects are expected to enhance export capabilities and stabilize the country's energy sector.
October 19, 2026
Iraq's Oil Exports Hit 3.4M Bpd, Near Pre-War Levels
Iraq's oil exports surged to 3.4 million barrels per day in October, nearing pre-war volumes.
Impact
The rise in oil exports signals a positive shift for Iraq's energy sector, potentially stabilizing government revenue and reducing reliance on war-risk premiums.