October production rises 4% despite OPEC-plus quota
Iraqi crude output increased by 150,000 bpd as the Oil Ministry struggles to balance between meeting OPEC obligations and addressing a severe cash shortage.
Flares burn at the Rumaila oil field on June 6, 2020. To fight natural reservoir decline and achieve its production potential, the field needs increasing supplies of water. (JASSIM AL-JABIRI/Iraq Oil Report)
Iraq boosted its production by about 150,000 barrels per day (bpd) in October, significantly exceeding its official OPEC-plus quota.
Nationwide production averaged 3.84 million barrels per day (bpd), according to an Iraq Oil Report analysis based on data gathered independently from all of the producing fields managed by both the federal government and the semi-autonomous Kurdistan Regional Government (KRG).
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