Production stops falling as Iraq claims OPEC compliance

After steep reductions in January and February, the Oil Ministry appeared to take its foot off the brakes in March.
Production stops falling as Iraq claims OPEC compliance
Iraqi Prime Minister Haider al-Abadi (second from left) and OPEC Secretary General Mohammed Barkindo (far left) attend the Iraq Energy Forum in Baghdad on April 2, 2017. (Source: Iraq Energy Institute)

PUBLISHER’S NOTE: To access an extensive collection of data gathered and curated by Iraq Oil Report on a monthly basis, including field-by-field production figures, please visit the Iraq Oil and Financial Dataset.

Iraq's attempts to reduce oil production appear to have leveled off in March, as senior oil officials said they are fully complying with OPEC cuts.The country produced an estimated 4.586 million bpd in March, according to an analysis of field-by-field data gathered by Iraq Oil Report - a .4 percent increase from the February output levels reported by the Oil Ministry to OPEC.Month-to-month oil export levels also held steady: the Oil Ministry reported 3.259 million bpd of federal oil sale...

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