A worker from Iraq's State Company for Oil Projects welds the pipeline connecting the Zubair-1 and Zubair-2 oil depots to the Fao depot, providing more flexibility for both exports and feeding the Shuaiba refinery. (Source: Basra Oil Company)
Iraq's federal government earned a record $11.07 billion in oil export revenues in March as global oil prices spiked as a result of Russia's war on Ukraine.
Preliminary estimates from the Iraqi Ministry of Oil showed a slight dip in exports from oil fields under federal control, which fell in March to 3.244 million bpd from 3.314 million bpd in February.
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