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The Oil Marketing Company (SOMO) said that Iraqi crude oil production, including flows from the Kurdistan Region, rose to an 18-month high of 4.208 million barrels per day during the month of November.
The data showed that federal exports jumped to 3.273 million barrels per day in November from 3.119 million barrels per day in October, while KRG flows in the month were unchanged at 408,000 barrels per day.
Average domestic use, which includes burning crude oil and operating refineries, was 518,000 b/d, down 5,000 b/d from October.
Iraq's share of OPEC + rose to 4.193 million barrels per day last month, from 4.149 million barrels per day in October, as the coalition continued to raise the production ceiling.
OPEC and its allies have gradually raised production quotas this year in anticipation of a rise in global demand for oil as the world continues to emerge from the epidemic.
A production quota for Iraq in January was set at 4.281 million barrels per day under the OPEC + agreement, up from 4.237 million barrels per day in December.
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Economie
[size=38]IRAQ'S OIL PRODUCTION RISES TO THE HIGHEST LEVEL IN 18 MONTHS[/size]
Saturday, December 11, 2021 11:17 AM
Baghdad/National News CenterThe Oil Marketing Company (SOMO) said that Iraqi crude oil production, including flows from the Kurdistan Region, rose to an 18-month high of 4.208 million barrels per day during the month of November.
The data showed that federal exports jumped to 3.273 million barrels per day in November from 3.119 million barrels per day in October, while KRG flows in the month were unchanged at 408,000 barrels per day.
Average domestic use, which includes burning crude oil and operating refineries, was 518,000 b/d, down 5,000 b/d from October.
Iraq's share of OPEC + rose to 4.193 million barrels per day last month, from 4.149 million barrels per day in October, as the coalition continued to raise the production ceiling.
OPEC and its allies have gradually raised production quotas this year in anticipation of a rise in global demand for oil as the world continues to emerge from the epidemic.
A production quota for Iraq in January was set at 4.281 million barrels per day under the OPEC + agreement, up from 4.237 million barrels per day in December.
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