Fields and refineries shut in as Iraq production drops ahead of deeper OPEC cuts
Falling demand forced crude output to two-year lows in March, putting the squeeze on Iraq's oil sector even before a new OPEC quota reduction takes effect.
Flares at the West Qurna 1 oil field on March 15, 2018, the day a new wet-gas treatment unit was commissioned. (JASSEM AL-JABIRI/Iraq Oil Report)
Iraqi oil production fell to a two-year low in March, as reduced demand and other coronavirus-related disruptions began to cause shut-ins at refineries and fields.
The country produced about 4.52 million barrels per day (bpd) in March, according to an Iraq Oil Report analysis based on data gathered from all producing fields in both federal Iraq and the semi-autonomous Kurdistan region* – a drop of about 100,000 bpd from February.
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