Iraq’s June oil production steady, but losses mount for KRG operators

Iraq’s nationwide crude oil production registered a monthly increase of 70,000 barrels per day (bpd) in June, rising to 4.47 million bpd compared with 4.40 million bpd in May, according to an Iraq Oil Report calculation based on data obtained from all producing fields.

Output from Iraqi Kurdistan, which is included in the nationwide tally, is down to roughly 104,000 bpd — less than a quarter of its capacity — due to the continued shutdown of the northern export pipeline route through Turkey, which has forced most fields to stop producing or operate at very low levels.