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Iraq's oil exports hit a fresh high since the regional conflict in August 2026
According to the Iraqi News Agency (INA), Iraq's Ministry of Oil stated that the country's daily crude oil production has exceeded 3 million barrels. Notably, oil exports in August hit a fresh high since the U.S.–Israel–Iran conflict, approaching 70 million barrels with an average daily export volume surpassing 2.2 million barrels, generating approximately $4.5 billion in oil revenue.
The Ministry noted that the government plans to boost its oil export capacity to 5 million barrels per day upon the completion of strategic oil export pipelines extending to Faysh Khabur and Baniyas.
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