Draw Media

• Iraq sold 1 billion 102 million 188 thousand 981 barrels of oil in 2021, an average of 3 million 19 thousand 520 barrels per day. However, in 2022, sales will increase by about 10 percent to 1 billion 208 million 531 thousand 119 barrels per day, an average of 3 million 311 thousand 416 barrels per day.

• In 2021, a barrel of Iraqi oil sold for $6. However, in 2022, Iraqi oil sold for about 40 percent more and the average price of oil was $95.53 per barrel.

• Iraq's total oil revenue in 2021 was (75 billion 650 million 606 thousand dollars). However, in the following year, oil revenues increased by 52.6 percent to $115 billion, 466 million 245 thousand.

• Of the total oil sold by SOMO in 2021, 36 million 774 thousand 286 barrels, or 3.45%, were exported from Kirkuk oil fields. However, in 2022, Kirkuk's share of total oil exports dropped to 2.23% of Iraq's total oil exports which was only 27 million 43 thousand 971 barrels.

Iraqi oil sales between 2021 and 2022

Iraq earned a huge revenue from oil exports in 2022, benefiting from rising oil prices due to the war between Russia and Ukraine, as well as increasing the amount of crude oil exported to foreign markets.

Iraq has succeeded in increasing its oil exports to 1 billion 208 million 531 thousand 119 billion barrels in 2022, which is 3 million 311 thousand 416 million barrels per day. while in (2021) Iraq sold 1 billion 102 million 188 thousand 981 barrels of oil at an average of 3 million 19 thousand 520 barrels per day, an increase of about 10 percent in 2022.