August production surges as KRG fields partially revive - Iraq Oil Report
August production surges as KRG fields partially revive - Iraq Oil Report
August production surges as KRG fields partially revive Fields in Kurdistan are raising production and selling into the local market, as output increases despite the ongoing northern pipeline closure.
Workers perform maintenance at the Tuba oil depot in Basra in September 2023. (Photo credit: Basra Oil Company)
Iraq’s crude oil production rose sharply in August as fields controlled by the Kurdistan Regional Government (KRG) increased output, reaching just under half of their total combined capacity.
Nationwide output averaged 4.71 million bpd, up from 4.56 million bpd in July, according to Iraq Oil Report calculations based on field-by-field data.* The gains were achieved despite the continued shutdown of the northern export pipeline, which has prevented the KRG from exporting its crude to world markets since late March.
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