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.
If you are not a registered user, you can purchase a subscription or sign up for a free trial.
All sources cited or referenced have spoken to Iraq Oil Report directly and exclusively, unless otherwise specified. Iraq Oil Report generally grants anonymity to sources who cannot speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and that is important to the essential story elements. We do not provide anonymity to sources whose purpose is to promote personal or political agendas.
Iraq Oil reports commitment to independence
Iraq Oil Report strives to provide carefully verified reports and unbiased analysis that enables readers to understand dynamic events in Iraq. To achieve this goal, we always seek to gather first-hand information from the field, verify the facts from multiple angles, and solicit contributions from all stakeholders involved in a given story.
We see our independence as an integral part of our competitive advantage. While 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 an often polarized and politicized landscape, we are able to gather and corroborate information from an unusually wide range of sources because we can speak with all of them in good faith.
To fund this venture, Iraq Oil Report relies on advertising and subscription revenues. Some of our advertisers and subscribers – including businesses, governments and NGOs – are also the subject of our reports. In accordance with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes commercial considerations from editorial decision-making. When choosing which stories to report and how to write them, our readers always come first.