Greece ranks among top buyers of Iraqi oil

Shafaq News/ Iraq, OPEC’s second-largest producer, exported
over $5.4 billion worth of crude oil and petroleum derivatives to Greece in
2024, according to data obtained by Shafaq News.

The figures show that Iraq exported a total of 9.76 million
tons of oil-related products to Greece last year. Of this, crude oil accounted
for 8.23 million tons, generating $4.6 billion in revenue. An additional 1.53
million tons of petroleum oils and mineral-based derivatives were exported,
valued at $812.4 million.

The combined value of Iraq’s oil exports to Greece recorded
a 21% increase compared to 2020, a steady upward trend over the past five
years.

Greece, along with Italy and Turkiye, remains one of the top
European importers of Iraqi crude oil.

Earlier, Iraq’s State Oil Marketing Organization (SOMO)
announced that the country exported over two million tons of oil derivatives
during the first quarter of 2025.