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Energy

Iraqi production declines in February on Rumaila accident

Nationwide output fell by about 60,000 bpd, but appears set to rebound as Iraq's most prolific field recovers from a damaging fire.

Iraqi Oil Minister Hayyan Abdulghani (center left, red tie) visits the Rumaila oil field on March 2, 2025. (Photo credit: Oil Ministry)

Iraq orders new OPEC cuts targeting IOC fields

A comprehensive survey of Iraqi fields suggests the Oil Ministry is targeting about 600,000 bpd of production cuts in May, mostly from fields contracted to international oil companies.