Record production continues in January

In light of an OPEC quota agreement, Iraq has made steep cuts at state-run fields, but those reductions are being offset by long-planned increases at IOC-operated projects.
Record production continues in January
Iraqi Oil Minister Thamir Ghadhban (second from left) during a Feb. 10, 2019, visit to the Rumaila oil field. (Source: Basra Oil Company media office)

UPDATE: This article has been updated to reflect a slightly more conservative estimate of Iraq’s January production. When it was originally published, this article said overall output was 4.94 million bpd, based on an assumption that the Halfaya field had been producing at 350,000 bpd. Based on new data gathered after publication, Iraq Oil Report now believes that Halfaya’s January production was between 305,000 and 310,000 bpd, causing a downward revision to our overall monthly production estimate, which now stands at 4.90 million bpd.

Iraq sustained record-high oil production in January, despite efforts to begin limiting output in accordance with an OPEC agreement.

The federal government and the autonomous Kurdistan Regional Government (KRG) together produced about 4.90 million barrels per day (bpd) in January - slightly below the country's overall output in December - according to an Iraq Oil Report analysis based on data gathered from each producing field. *

This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription or sign up for a free trial.
Iraq Oil Report Attribution Policy

All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.

Iraq Oil Report Commitment to Independence

Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.

We view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.

To fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.