Oil Ministry orders 250,000 bpd October production hike
Surge in production comes as Iraq attempts to navigate the opposing pressures of a financial crisis and quota commitments to OPEC-plus.
Dhi Qar Oil Company workers at the Suba oil field on Dec. 31, 2017. (STAFF/Iraq Oil Report)
Iraq's Oil Ministry has ordered more than 250,000 barrels per day (bpd) in production hikes this month, according to officials at eight fields that have received instructions to raise output.
The new increases reverse a recent set of cuts that brought Iraq's September production down by 200,000 bpd to its lowest monthly average in five years, as the ministry sought to compensate for previously exceeding its OPEC quota.
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