Since the beginning of 2023, Iraq's oil exports to Europe have significantly increased, reaching approximately $11 billion by the end of August.

According to Shafaq's report, Iraq's oil export revenue to Europe continues to show monthly growth. In August 2023, exports reached 25.8 million barrels, reaching approximately 2.11 billion US dollars, an increase of over 5.3 million barrels compared to July.

From the beginning of this year to the end of August, Iraq's total oil export revenue in the European market has reached 10.92 billion US dollars, with a total export volume of 150072565 barrels.

Since October 2022, Iraq has been actively committed to expanding its oil exports to the European market. These revenues not only contribute to its financial development, but also expand its influence in the international market.