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Iraq's crude sales have been constrained by OPEC-plus quotas but revenues remain high due to global oil price strength.

Increase of 94,000 bpd mainly due to higher volumes of both KRG and federal exports via Turkey.

Oil sales were undiminished in March despite the Oil Ministry recommitting to supplemental OPEC-plus cuts that now extend through June.

After a lower OPEC-plus quota appeared to dampen Iraqi exports in January, oil sales bounced back in February.

Exports and output are rising, but Kurdistan's oil industry is still in crisis due to the northern pipeline outage.

KRG crude exports are still shut in due to the northern pipeline outage, but federal exports have increased further, nearing the maximum capacity of outdated Basra Gulf infrastructure.

Iraq is pushing the limits of its outdated southern export infrastructure as a dispute with Turkey is keeping the northern pipeline system offline.

Crude sales averaged above 3.4 million for the third straight month as Iraq maxes out southern export outlets.

The northern export pipeline was offline for a seventh straight month, but Iraq has now compensated for about half the lost volumes with increased oil sales via southern outlets.

Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.

Monthly revenues hit another 10-year high as exports rebounded from a January dip and global oil prices spiked.

Nationwide oil sales dropped in 2023 due to the northern pipeline outage, but federal exports hit a four-year high in December.

Baghdad has compensated for lost exports via Turkey with increased southern oil sales, but KRG exports remain entirely offline.

Both federal and KRG oil sales fell slightly as OPEC-plus gave no sign of lifting production caps.

Federal Iraqi exports increased slightly, but nationwide exports dropped steeply due to the total shutdown of the northern pipeline system and KRG oil sales.

Iraq's northern exports remain offline in the aftermath of a landmark arbitration win against Turkey, with restart timing still unclear.

Revenues surged due to spiking global prices, but exports dipped as infrastructure delays threaten to constrain oil sales going forward.

High global prices led to record annual oil revenues for both the federal government and the KRG.

Crude production and exports decreased in November as Iraq began output cuts in response to tighter OPEC-plus output targets.

Nationwide exports increased by 36,000 bpd in October, but imminent OPEC-plus cuts could crimp sales in November.

Revenues fell with global oil prices, but higher export volumes through Ceyhan helped offset a pipeline leak that temporarily halted Basra Gulf tanker loadings.

Exports fell for the second straight month despite elevated OPEC-plus output targets.

Iraq's crude sales receded in July as seasonal demand spikes fueled domestic consumption and quality issues hurt the marketing of Basra Heavy.

Production and exports are rising as OPEC-plus quotas continue to loosen and high global oil prices bring record revenues.