Iraq slashes production under OPEC-plus pressure
April output in federal Iraq dropped by 100,000 bpd, with cuts coming mostly from state-run fields in Basra.
The state-run Iraqi Drilling Company inaugurates its largest drilling rig, IDC 57, at the Majnoon oil field, in May 2024. The 3,000 horsepower rig can drill to depths of up to 8,500 meters. (Photo credit: Oil Ministry)
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