Iraq's Southern Oil Exports Reach New Heights

Iraq's oil exports from its southern ports averaged 3.3 million barrels per day in January, witnessing a slight increase from December's figures. The southern Basra terminals, responsible for over 95% of the country's oil revenues, remain a crucial asset to Iraq's economy as a leading OPEC producer.

Iraq's oil exports continue to bolster its economy, with shipments from the southern ports averaging 3.3 million barrels per day in January. This figure marks an upward trend from the 3.232 million barrels per day recorded in December, according to oil officials.

The southern Basra terminals play a pivotal role, handling over 95% of Iraq's oil exports. As a key OPEC member, Iraq relies heavily on these operations for its state revenue.

The robust performance of these terminals underscores Iraq's importance in the global oil market, solidifying its position as a leading oil producer.

(With inputs from agencies.)