Iraqi wartime production cuts reach 3.6 million bpd

Iraq has cut just over 3.6 million barrels per day (bpd) in crude production as a result of the war in Iran, according to an Iraq Oil Report survey of the country's producing fields, leaving about 1 million bpd flowing to domestic refineries and another 250,000 bpd for export via the northern pipeline system to Turkey.

Several Iraqi oil officials said the dramatic reductions can easily be reversed if the Strait of Hormuz reopens, while also warning of a variety of logistical and infrastructure challenges associated with keeping current production and exports online — as well as longer-term risks to the health of oil reservoirs.