Iraq production shoots up in June
An independent analysis shows rising output from state-run fields in Basra lifted Iraqi production by nearly 100,000 bpd, as a monitoring committee meets and assesses OPEC quota compliance.
EDITOR’S NOTE: Iraq Oil Report’s production estimates are based on the best field-by-field data that can be obtained at the time of publication. After this story was published, sources provided updated data from state-run fields in Basra that significantly lowered our overall production estimates for June, from 4.671 million bpd to 4.566 million bpd. This article has not been updated to reflect the new data. Please refer to our new production story, available here, for up-to-date information on both June and July production.
Oil Minister Jabbar al-Luiebi has consistently said he intends to achieve a production capacity of 5 million bpd by the end of this year, and Iraq appears to be well on its way.
Oil production jumped by nearly 100,000 barrels per day (bpd) - from 4.573 million bpd in May to 4.671 million bpd in June - according to an Iraq Oil Report analysis of production data from each of the country's oil fields.*
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