Iraq Now Sixth Largest Oil Supplier to South Korea
Official Korean data confirmed that Iraq ranked sixth among the largest oil suppliers to South Korea in August 2026, with a total of more than 3.8 million barrels, despite a 65.5% decrease in Iraqi oil share compared to the same month last year. South Korea's overall oil imports declined by 2.2% year-on-year and by 2% from July 2026, with a significant continued decline in Iraqi oil imports, as there were no Iraqi imports recorded in the previous July. This reflects a major decrease in reliance on Iraqi oil in the Korean market, with Iraqi exports to Korea dropping by up to 7.279 million barrels annually.
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