Iraqi oil production rises despite OPEC pressure to cut
Nationwide crude output increased in August, led by IOC-operated fields, as Iraq balances OPEC pledges against tough financial realities.
Dhi Qar Oil Company workers at the Suba oil field on Dec. 31, 2017. (STAFF/Iraq Oil Report)
Iraq increased oil production in August by about 160,000 barrels per day (bpd), despite pressure from OPEC to make further cuts.
Countrywide output averaged 3.89 million bpd in August, according to an Iraq Oil Report analysis based on data gathered from every producing field managed by both the federal Oil Ministry and the semi-autonomous Kurdistan Regional Government (KRG) — the first time month-on-month production has risen this year.
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