UPDATE: Iraq production rises in December, capping an OPEC-constrained year
After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices.
The Iraqi Drilling Company completes drilling at the Gharraf oil field, Dec. 6, 2020. (STAFF/Iraq Oil Report)
UPDATE: This story has been updated to reflect a new production estimate, which was revised upward based on new reporting.
Iraq's nationwide crude production rose slightly to about 4.05 million barrels per day (bpd) in December, capping a year of OPEC-related constraints that yielded the lowest output since 2015.
Fields managed by the federal government produced about 3.57 million bpd in December — an increase of 3 percent compared to November — while those under the authority of the semi-autonomous Kurdistan Regional Government (KRG) rose slightly to 477,000 bpd, according to an Iraq Oil Report analysis based on data gathered independently from each producing field. *
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.
