Subscribe 

UPDATE: Iraq production rises in December, capping an OPEC-constrained year

After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices.
1
The Iraqi Drilling Company completes drilling at the Gharraf oil field, Dec. 6, 2020. (STAFF/Iraq Oil Report)

UPDATE: This story has been updated to reflect a new production estimate, which was revised upward based on new reporting.

Iraq's nationwide crude production rose slightly to about 4.05 million barrels per day (bpd) in December, capping a year of OPEC-related constraints that yielded the lowest output since 2015.

Fields managed by the federal government produced about 3.57 million bpd in December — an increase of 3 percent compared to November — while those under the authority of the semi-autonomous Kurdistan Regional Government (KRG) rose slightly to 477,000 bpd, according to an Iraq Oil Report analysis based on data gathered independently from each producing field. *

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.