Iraq intends to purchase oil tankers In the first nine months of 2026, Iraq exported almost 533 million barrels of crude oil, an average of 1.9 million barrels per day. Exports brought OPEC's second-largest oil producer about $37 billion during the period, according to data from the country's Oil Marketing Agency (SOMO). This year, Iraq's oil exports are significantly lower than the volume of supplies to the world market, which amounted to 3.4 million barrels per day before the outbreak of the conflict between Iran and the United States on February 28. Iraq and other Gulf countries were cut off from the world market due to the closure of the Strait of Hormuz. According to SOMO, 50 million barrels of oil from northern Iraq were transported through the Cihan port in Turkey, an average of about 188 thousand barrels per day, and 25. One million barrels from the Kurdistan region, an average of about 93,000 barrels per day. Iraq needs to step up plans to purchase oil tankers to increase oil exports and increase the country's revenue, said Oil Minister Bassim Hudair. According to him, the ministry is considering the purchase of 10 aircraft at an estimated cost of 2 billion dollars, with financing options being examined.