Iraq hikes production in May
Despite an OPEC quota, output is rebounding at Basra fields and new capacity continues to come online.
A worker adjusts the valve of an oil pipe at the West Qurna 1 oilfield in Basra on Nov. 28, 2010. (ATEF HASSAN/Reuters)
Iraq increased crude output in May by about 234,000 barrels per day (bpd), reversing a months-long trend of production cuts to meet OPEC requirements.
The federal government and the autonomous Kurdistan Regional Government (KRG) together produced about 4.858 million bpd in May, up 5 percent from the previous month's production of 4.624 million bpd, according to an Iraq Oil Report analysis based on data gathered from the country’s producing fields. *
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
