Iraq production shoots up in June

An independent analysis shows rising output from state-run fields in Basra lifted Iraqi production by nearly 100,000 bpd, as a monitoring committee meets and assesses OPEC quota compliance.
Iraq production shoots up in June
Iraqi Oil Minister Jabbar al-Luiebi (center) lays a cornerstone at the Halfaya oil field, in Missan province, on July 9, 2017. The ceremony marked the beginning of the third and final development phase, which is slated to raise production from 200,000 bpd to 400,000 bpd. (Source: Oil Ministry)

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Oil Minister Jabbar al-Luiebi has consistently said he intends to achieve a production capacity of 5 million bpd by the end of this year, and Iraq appears to be well on its way.

Oil production jumped by nearly 100,000 barrels per day (bpd) - from 4.573 million bpd in May to 4.671 million bpd in June - according to an Iraq Oil Report analysis of production data from each of the country's oil fields.

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