Iraq again sets oil export record in 2019
Iraq set an all-time record for annual oil sales in 2019, as the federal government and autonomous Kurdistan Regional Government (KRG) combined for an average 3.968 million barrels per day (bpd) of exports.
Oil revenues dipped compared to 2018, however, due to lower oil prices. The federal government reported $78.530 billion in 2019, with an average sale price of $61.05 per barrel, down from $83.919 billion the previous year, when Iraqi crude averaged $65.68 per barrel.
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All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.
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