Iraqi exports finish down year with a December surge
Iraqi exports finish down year with a December surge
Nationwide oil sales dropped in 2023 due to the northern pipeline outage, but federal exports hit a four-year high in December.
Iraq’s oil sales fell in 2023, as an increase in the federal government’s crude exports did not fully compensate for the loss of northern pipeline exports via Turkey.
Nationwide exports averaged 3.466 million bpd in 2023, down from 3.710 million bpd in 2022. The federal government’s exports were up, however, averaging 3.376 million bpd in 2023 compared to 3.331 million bpd in 2022.
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