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Iraq’s October Crude Output In Line With OPEC+ Target: Somo

OIL

Iraq has successfully achieved its OPEC+ crude production target in October, according to state-owned oil marketer Somo.

  • October output stood at 4.651mbpd, in line with the OPEC+ quota. September output was 1kbpd below the target at 4.662mbpd, Somo said.
  • Iraq exported 104.8mbbls of crude oil in October, according to the Iraqi Oil Ministry.
  • Somo aims to focus on ensuring the marketing shares of Iraqi crude oil in Asia, America and Europe, according to the Iraqi News Agency.

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