May production rises by 100,000 bpd, but KRG oil still mostly offline
Northern pipeline outage gives Baghdad leeway for southern output increases despite tightened OPEC-plus quotas.
Workers with the state-run Iraqi Drilling Company (IDC) operate a drilling rig at the Majnoon oil field's Well MJ-150 in Basra in May 2023. (Photo credit: IDC)
Iraq’s nationwide crude oil production rose by just over 100,000 barrels per day (bpd) to 4.39 million barrels per day (bpd) in May,* but output was more than 370,000 bpd below January levels due to OPEC-plus quota reductions and the ongoing shutdown of the northern export pipeline to Turkey.
The export outage has primarily affected the Kurdistan Regional Government (KRG), which manages oil fields that averaged a combined 438,000 bpd in 2022. Some projects are now entirely shut in and others have throttled back in response to the pipeline outage, with overall production slumping to about 111,000 bpd in May.
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