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Iraq produces well below its OPEC+ crude quota in January
Energy
- 04 February, 2022
- 04:56
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Iraq pumped 4.16 million barrels per day (bpd) of oil in January, below its allowed limit of 4.28 million bpd under a pact with other so-called OPEC+ producers, data from state-owned marketer SOMO seen by Reuters showed on Thursday.
Report informs that Iraq like several other OPEC members is struggling to pump more even as prices trade at a seven-year high. read more
Its output actually fell by 63,000 bpd from December, the data showed.
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