Iraqi production hits new annual high

Despite OPEC constraints, Iraq set an all-time record for production in 2019 while building significant, new spare capacity.
Iraqi production hits new annual high
Iraqi Drilling Company staff complete a rehabilitation of the Mansuriya-2 well in the Diyala province gas field, on behalf of the Midland Oil Company, on Jan. 9, 2020. (Source: Iraqi Drilling Company media office)

Iraq set a record for nationwide annual oil production in 2019, averaging 4.77 million barrels per day (bpd), according to an Iraq Oil Report analysis based on data gathered from each of the country's producing fields.

Although the Iraqi Oil Ministry brought significant new production capacity online in 2019, there was no actual output growth at fields managed by the federal government, as it sought to comply with an OPEC quota agreement. Federal production averaged 4.28 million bpd in both 2018 and 2019.

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