Iraq production jumps as OPEC-plus pressure eases
As oil markets enter an era of higher prices and fewer OPEC constraints, Iraq appears to be preparing a push for more market share.
Basra Oil Company workers reconnect gas flares of the Nahr Bin Omar oil field further away from residential areas. (Source: Basra Oil Company media office)
Iraqi oil production jumped by over 100,000 barrels per day (bpd) in February, pushing the country further from OPEC expectations, although rising oil prices helped deflect potential scrutiny from fellow exporters.
Nationwide output averaged 4.15 million bpd, up from 4.03 million bpd in January, according to an Iraq Oil Report analysis based on data collected from each producing field in both federal Iraq and the Kurdistan region. *
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