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May oil production holds steady near 4m bpd

Iraq's Oil Ministry is sitting on roughly 1 million bpd of capacity — and developing more — as OPEC quotas begin to ease.
Iraqi Oil Minister Ihsan Ismaael (center right) attends test operations of new production from the Yamama reservoir at the West Qurna 2 oil field on May 27, 2021. (Photo credit: Oil Ministry)
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