Iraqi crude output falls as tighter OPEC quotas take effect

Crude production and exports decreased in November as Iraq began output cuts in response to tighter OPEC-plus output targets.
Iraqi Drilling Company workers operate a drilling rig at the Majnoon oil field in 2022. (Photo credit: IDC)

Iraq’s nationwide oil production and exports declined in November as the country began cutting output in response to an OPEC-plus agreement to tighten global supply and support prices.

The federal government and semi-autonomous Kurdistan Regional Government (KRG) produced a combined 4.66 million barrels per day (bpd) in November, down from 4.72 million bpd in October, according to field-by-field data compiled by Iraq Oil Report.*

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