Following price increases and cooperation with Iran, Iraqi oil exports continue to flow to global markets.
Following price increases and cooperation with Iran, Iraqi oil exports continue to flow to global markets.
9-16-2026
Information/Report…
Iraqi oil exports continue to flow to global markets, reaching the threshold of 3 million barrels per day, through various sea and land outlets. This recovery comes in conjunction with the increase in oil prices amid the situation and tensions in the region, especially in the Straits of Hormuz and Bab al-Mandab. Political parties confirm that exports have recovered again through Iraq’s only sea outlet after cooperation between Baghdad and Tehran to ensure the passage of tankers carrying Iraqi oil exports abroad, without paying any fees in the Strait of Hormuz.
Economic expert Dr. Safwan Qusay told Al-Maalomah that “Iraq has not regained its full export capacity, which reached 3 million and 300 thousand barrels per day, as it is currently working on exporting about 3 million barrels, with Basra oil being offered as oil sold within the borders of Iraq, away from the final buyer, at a discount of up to $25 per barrel.”
He added that “the renewed events in the Strait of Hormuz, the entry of Bab al-Mandab into the conflict, and the targeting of some oil facilities in the region are all factors that have led to a rise in oil prices.”
He pointed out that “there is room to increase Iraq’s exports through the Turkish port of Ceyhan or the Syrian port of Banias via tankers, as well as the oil pipeline extending from Kirkuk to Türkiye.”
For his part, Mansour Al-Baiji, Vice President of the Reconstruction and Development parliamentary bloc, confirmed to Al-Maalouma that “the news circulating in this regard is incorrect,” noting that “what was raised regarding the Iranian side imposing taxes on Iraqi oil is completely untrue.”
He added that “oil and economic cooperation between Iraq and Iran is proceeding in accordance with the official understandings and agreements signed between the two countries,” calling for reliance on official sources in conveying information related to the energy file, and not circulating inaccurate news.
Al-Baiji pointed out that “what is being circulated through some media outlets regarding imposing fees or taxes on Iraqi oil is not based on correct information.”
In a related context, Qaisar Al-Jurani, a member of the Parliamentary Oil, Gas and Natural Resources Committee, explained to Al-Maalomah that “there is coordination between Baghdad and Tehran regarding the passage of oil tankers carrying Iraqi oil through the Strait of Hormuz,” indicating that “this coordination comes in light of the importance of the strait for the movement of Iraqi oil exports.”
He added that “Iraqi oil exports through the southern outlet and the Kurdistan Region exceed 3 million barrels per day, most of which come from the southern fields,” noting that “Iraqi oil constitutes a primary source for financing the general budget.”
Al-Jurani added that “the selling prices of Iraqi oil in global markets are subject to approved pricing formulas, which are affected by global price levels and sales discounts,” stressing that “any increase in the volume of oil exports or a rise in crude prices will reflect positively on public revenues and support the budget.”
He emphasized that “the continued flow of oil exports through maritime ports is a fundamental factor in protecting the Iraqi economy, given the heavy reliance of the general budget on oil revenues,” noting “the importance of securing export routes and maintaining the stability of navigation in the Strait of Hormuz.”
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