Iraq questions fairness, but closes in on OPEC-plus target

Production cuts and falling exports move Iraq closer to OPEC-plus quota compliance.
Iraq questions fairness, but closes in on OPEC-plus target
Flares burn at the North Rumaila oil field on June 6, 2020. (JASSIM AL-JABIRI/Iraq Oil Report)

BASRA - Iraq has ordered new production cuts at three of its largest fields and appears to be reducing its export volumes, bringing it closer to compliance under an OPEC-plus agreement intended to balance global oil markets.

Oil authorities ordered cuts late last week at Rumaila, West Qurna-1, and Zubair, three of Iraq's most prolific fields, which are operated by BP, ExxonMobil, and Eni respectively, according to multiple Iraqi oil officials.

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