January oil output rebounds
After steady declines in the fourth quarter of 2024, the new year started with a rise in production and modest gains in export volumes.
A drilling rig operates at the Ahdab oil field in February 2025. (Photo credit: Midland Oil Company)
Iraqi crude production and exports increased in January as the country's largest oil field recovered from fuel shortages that had taken dozens of wells offline.
Oil output at fields managed by the federal Oil Ministry averaged 4.40 million barrels per day (bpd) in January, according to an Iraq Oil Report analysis based on data gathered independently from producing fields, up from 4.16 million bpd in December.
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