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Iraqi Oil Exports Increase 1.4 Percent in July with Higher Opec Quota

Iraq's exports rose to 3.278 million barrels per day which is marginally higher from 3.232 million barrels per day average in June

Iraq's total crude oil exports, along with those from the Kurdistan Region, had an increase of 1.4% this July amidst a higher OPEC+ quota agreement.

Iraq's exports witnessed a rise to 3.278 million barrels per day, marginally higher from 3.232 million barrels per day average in June.

According to Oil Ministry figures and shipping data, July exports incorporated a 0.9% increase in federal exports to 2.918 million barrels per day and a 6% boost to 360,000 barrels per day in Kurdish exports via Ceyhan.

Iraq's OPEC+ quota increased to 4.016 million barrels per day in July compared to 3.954 million from June as coalition members keep at easing their output cuts.

The August quota will rise to 4.061 million barrels per day as the OPEC+ organization initiates relaxing curbs by 400,000 barrels per day per month beginning this August until December, adding a total of 2 million barrels per day by the end of the year.


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