Production falls further as Iraq pursues OPEC compliance
While the country's output is still over its quota, Iraq has now cut more than 600,000 bpd compared to its first-quarter production average.
Dhi Qar Oil Company workers at the Suba oil field on Dec. 31, 2017. (STAFF/Iraq Oil Report)
Iraq's month-on-month oil production dropped by 265,000 barrels per day (bpd) in June as the Oil Ministry moved closer toward compliance with an OPEC-plus agreement to bolster global oil prices.
Countrywide crude output averaged about 3.91 million bpd, according to an Iraq Oil Report analysis based on data from all producing fields*, suggesting the ministry has now fully implemented a slate of cuts it began to make in early May.
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