The Eco Iraq Economic Observatory announced today, Saturday, that Iraq extracted approximately 834.7 million barrels of crude oil during the first nine months of 2026.
The observatory stated in a statement received by the "Video News Agency" that "Iraqi oil production maintained its usual levels during January and February, with an average exceeding 4.1 million barrels per day, before sharply declining starting in March, coinciding with the repercussions of the war in the region, to record its lowest levels in May, then gradually begin to recover in the following months."
It explained that "the average daily production reached 4.097 million barrels in January, and 4.140 million barrels in February, before dropping to 1.906 million barrels in March, and 1.633 million barrels in April, then reaching its lowest level during the period at 1.406 million barrels per day in May, before rising to 1.525 million barrels per day in June."
It added that "the recovery trend continued during the third quarter of the year, as the average production rose to 2.901 million barrels per day in July, 3.746 million in August, reaching 4.399 million barrels per day in September, according to the direct reporting data contained in the OPEC schedule upon which the observatory relied."
It noted that "September's production recorded the highest daily rate since the beginning of the year until just before the closure of the Strait of Hormuz."