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Iraqi oil output edges lower in October

Production dipped slightly, but loosening OPEC quotas mean Iraq is gaining leeway to draw on spare capacity.
Flares burn at the Nassiriya oil field on May 7, 2012. (STAFF/Iraq Oil Report)

Iraq’s aggregate oil production from fields in both federal territory and the Kurdistan Region of Iraq (KRI) fell marginally in October to 4.30 million barrels per day (bpd) from 4.34 million bpd in September, according to an Iraq Oil Report analysis based on monthly data gathered independently from each of the country's producing fields.*

The federal government accounted for 3.86 million bpd of total production in October, just below the 3.89 million bpd average in September. Fields in Iraqi Kurdistan combined for about 437,000 bpd, reflecting slight declines in recent months.

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