Iraqi production stays strong in September, but OPEC-plus cuts loom
Output stays above 4.7 million bpd for third straight month, but reductions are on the horizon as tighter OPEC quotas take effect in November.
A Basra Oil Company worker at the Majnoon field's CPF2 during construction, April 19, 2021. (STAFF/Iraq Oil Report)
Iraq’s nationwide oil production held steady in August and September at 4.74 million barrels per day (bpd), according to field-by-field data compiled by Iraq Oil Report.*
Output has topped 4.7 million bpd for three months in a row, which will likely be the high-water mark for the year. The government is coming under pressure to reduce output following an OPEC-plus decision to take 2 million bpd off the market starting in November, including a quota reduction of 220,000 bpd for Iraq.
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