Iraq Earns Nearly $7 Billion from September Oil Sales, Excludes Kurdistan Region Revenues

An oil pipeline in Kirkuk province. Photo: AP
An oil pipeline in Kirkuk province. Photo: AP

Iraq’s Ministry of Oil announced on Sunday that the country generated nearly $7 billion in oil revenue for September, according to preliminary data from the State Oil Marketing Organization (SOMO).

The report, however, made no mention of crude exports from the Kurdistan Region, which only recently resumed deliveries to the federal system.

According to the ministry’s statement, Iraq exported more than 102.15 million barrels of crude oil from fields in the country’s central and southern provinces last month, bringing in $6.962 billion in total revenue. The average selling price per barrel was not immediately disclosed.

The ministry’s report notably omitted oil exported from the Kurdistan Region, where shipments resumed in the final days of September after months of negotiations between Erbil and Baghdad. Under the current arrangement, Kurdish oil is transferred to SOMO at the Fishkhabur crossing, near the Turkish border, before being exported through the Ceyhan pipeline.

Monday marks one month since the resumption of Kurdistan’s oil exports, a milestone that followed extensive talks aimed at resolving long-standing disputes over revenue sharing and management of the region’s oil resources.

While September’s figures highlight Iraq’s continued reliance on oil, which accounts for over 90% of government revenue, the absence of Kurdish export data underlines the fragility of the current cooperation framework between Baghdad and Erbil.

Energy analysts say that integrating Kurdistan’s production data into national reporting will be key to boosting transparency and rebuilding investor confidence in Iraq’s energy sector.