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To the North: Iraq has one major crude oil export pipeline, the Kirkuk–Ceyhan Oil Pipeline, which transports oil from the north of Iraq to the Turkish port of Ceyhan. This pipeline has been subject to repeated disruptions this decade, limiting exports from the northern fields.
Crude oil export revenue by country (annually) A world map of countries by oil exportation, 2022. This is a list of oil-producing countries by oil exports based on data for 2022 by CEIC. Oil in this list refers to base crude oil only, and not refined petroleum products such as gasoline, diesel and airplane fuel.
In 2008, Iraq was the 9th highest crude oil exporter with 88 Mt. [6] In 2023, Iraq exported an average of 3,466,750/barrel/day [7], and in early 2024 was estimated to be the 5th largest oil exporter in the world. [8] Iraq's economy is very oil-dependent and from 2012-2022 oil revenues accounted for more than 99% of Iraq's exports, 85% of the ...
BAGHDAD (Reuters) -Iraq's oil minister and his Turkish counterpart did not reach an agreement to immediately resume Iraq's northern oil exports but agreed to hold more talks in the future, said ...
The Saudis need oil revenue to carry out Crown Prince Mohammed Bin Salman’s ambitious plans to diversify his country’s economy, including the development of Neom, a $500 billion futuristic ...
Iraq, OPEC's second-largest producer, is heavily dependent on oil revenues. The hydrocarbons sector accounts for the vast majority of export earnings and some 90% of state revenue.
In 2011, Iraq would increase oil exports above their then-current level of 1,900,000 bbl (300,000 m 3) per day as a result of new contracts with international oil companies. The export was thought likely to fall short of the 2,400,000 barrels (380,000 m 3 ) per day forecasting in the budget.
Iraq currently pumps around 4.6 million bpd, second only to Saudi Arabia in the Organization of the Petroleum Exporting Countries. Exclusive: Iraq to increase oil output and exports, waits on Iran ...