Oil Ministry confirms February export decline
Newly released official data for January and February show reduced federal oil sales – more evidence of Iraq's efforts to comply with an OPEC quota agreement.
Iraqi Oil Minister Jabbar Ali al-Luiebi at the Nov. 30, 2016 OPEC meeting in Vienna. (Source: OPEC Media Office)
Iraq's Oil Ministry released official export data for January and February on Thursday, confirming prior estimates by Iraq Oil Report suggesting that the country was reducing output in its effort to conform with an OPEC quota agreement.
The federal government exported an average of 3.32 million barrels per day (bpd) in January and 3.27 million bpd in February, the ministry said. Those figures do not include oil sold independently by the Kurdistan Regional Government (KRG).
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