Iraqi oil exports generate 5B in September

Iraqi oil exports and revenues increased significantly during September, with export rates reaching 2.65 million barrels per day, generating approximately 5 billion dollars in revenue— the highest level since the closure of the Strait of Hormuz. These revenues helped cover more than two-thirds of the government's payroll expenses, with total earnings amounting to around 6.5 trillion Iraqi dinars (about 5 billion dollars). After deducting payments to foreign companies, net revenues reached approximately 5.5 trillion dinars, the highest since the shutdown of the Strait of Hormuz. This financial growth reinforced government financial stability, as the revenues covered 71% of September's salaries, compared to 65% in August.

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