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Free AccessIraq Production 4.39mn bpd in May
Iraq’s oil production rose by just over 100,000 bpd to 4.39mn bpd in May according to the Iraqi Oil Report.
- It said production was more than 370,000 bpd below January levels because of an OPEC+ quota reduction and the ongoing shutdown of the northern export pipeline to Turkey.
- The KRG manages oil fields that averaged a combined 438,000 bpd in 2022 that have been impacted by the shutdown with overall production slipping to 111,000 bpd in May.
- Some projects in the region have been entirely shut in while others have seen significant production reductions.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.