Iraq’s oil exports plunged in March to 18.6 million barrels, down from 99.87 million in February – a drop of 81.3 percent - due to the closure of the Strait of Hormuz, according to official figures released Monday.
The state-run Organization for Marketing of Oil said revenues also have fallen to just $1.95 billion, down from over $6.81 billion.
The figures showed that exports from the Kurdistan Region through Türkiye’s Ceyhan port also dropped to 1.27 million barrels, down from 5.55 million barrels in February.
Meanwhile, operations resumed on Monday at a major gas facility in Iraq's Kurdish region, the Emirati company running the complex said, after more than a month of disruption due to the US-Iran war.
Dana Gas announced "the resumption of production of the Khor Mor gas facility in the Kurdistan Region of Iraq, following a period of intermittent operations," according to a statement published by the Abu Dhabi stock exchange.
On February 28 the UAE company suspended natural gas supplies from the complex as war broke out, authorities in Iraq's autonomous Kurdistan region had said.
Kurdistan's electricity and natural resources ministries said the decision was made "due to the extraordinary circumstances and ongoing events in the region, and to protect employees at the Khor Mor field."
The Khor Mor complex, which supplies most of Kurdistan's power stations, has been hit several times in recent years in attacks blamed on pro-Iran armed groups in Iraq.
