The Iraqi Ministry of Oil released data showing its exports reached 4 million barrels in a single day, while the average daily export for September stands at about 2.6 million barrels per day – roughly 2.4 million barrels per day via southern terminals and 200,000 barrels per day via northern routes.

The Iraqi Ministry of Oil released data showing its exports reached 4 million barrels in a single day, while the average daily export for September stands at about 2.6 million barrels per day – roughly 2.4 million barrels per day via southern terminals and 200,000 barrels per day via northern routes.

The figure represents a sharp drop from the pre‑war baseline of 3.4‑3.6 million barrels per day, caused by disruptions at the Hormuz Strait, the shutdown of the Kirkuk‑Cheikh Hassan pipeline, cuts in OPEC+ compensation, and increased domestic consumption.

Fossil fuels account for about 90% of the country's revenue, leaving Baghdad exposed to monthly cash‑flow shocks and forcing it to rely on local debt to cover salaries and pensions. Baghdad is accelerating efforts to diversify export routes, including an Iraq‑Jordan corridor and Cheikh Hassan, while continuing a long‑term plan to raise production capacity to 8‑10 million barrels per day by 2030‑2032, though this remains far off.