Iraqi production stable in June as OPEC eases quota policy

June production averaged 4.05 million barrels per day. Iraq will have additional leeway to increase production under a landmark deal recently reached by the OPEC-plus group.
Basra Oil Company workers reconnect the flares at the Nahr Bin Omar oil field further from residential areas. (Source: Basra Oil Company media office)
Iraq produced 4.05 million barrels per day (bpd) of crude oil in June, slightly lower than May production of 4.10 million bpd, according to an independent field-by-field tally of national production by Iraq Oil Report.
The country averaged 4.08 million barrels per day in the first half of 2021, slightly above its production targets under an OPEC-plus production deal. Those constraints are expected to ease further after the group struck a deal on July 18 that will allow member countries to bring more production online and slightly reduce Iraq’s proportional share in future cuts.
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