March production dips, but Iraq eyes capacity surge

Nationwide oil output fell by 100,000 bpd, but the Oil Ministry is poised to bring new production online as OPEC quotas look set to ease.
March production dips, but Iraq eyes capacity surge
A Basra Oil Company worker at the Majnoon field's CPF2 during construction, April 19, 2021. (STAFF/Iraq Oil Report)

Iraq's nationwide oil production averaged about 4.04 million barrels per day (bpd) in March, a drop of 100,000 bpd compared to February.

The decrease came entirely from fields controlled by the federal government, which produced 3.57 million bpd in March, according to an Iraq Oil Report analysis based on data collected independently from each field. * Output was steady at fields controlled by the semi-autonomous Kurdistan Regional Government's (KRG), which averaged 471,000 bpd.

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