Iraqi production declines in February on Rumaila accident

Iraq's nationwide crude production fell by about 60,000 barrels per day (bpd) in February, largely due to a partial outage at the Rumaila oil field caused by a large fire that destroyed a storage tank in late January.

Oil fields managed by the federal government averaged about 4.34 million bpd, down from 4.40 million bpd in January, according to an Iraq Oil Report analysis based on production data gathered independently from all of the country's producing fields.* Output was steady at fields managed by the Kurdistan Regional Government (KRG), which averaged just over 300,000 bpd.