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Sumo: Iraqi oil production reached more than 4 million barrels "daily"
economy Since 2017-03-30 at 19:53 (Baghdad time)
Baghdad - Mawazine News
Oil production company SOMO confirmed on Thursday that Iraq's average oil production reached 4.464 million bpd since the beginning of March.
"The average Iraqi crude exports since the beginning of March reached 3.756 million barrels per day, down from 3.869 million bpd in February," Falah al-Ameri, the company's director, told reporters in Baghdad.
He added that "the level of March includes 515 thousand barrels per day issued by the Kurdistan region of Iraq," noting that "the commitment of Iraq, the second largest oil producer within OPEC after Saudi Arabia, production cuts of 90 percent."
Iraq's exports reached a record level of more than 4 million barrels per day in November, ahead of OPEC's announcement of an output cut-off in the first six months of 2017.
Sumo, which manages external crude sales produced by areas under the control of the central government alone, issued 3.269 million
Oil Minister Jabbar al-Allaibi announced on March 26 that crude oil production would be reduced by 185,000 bpd, in line with OPEC's decision.
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