Iraq produced 4.33 million barrels per day (bpd) of crude in January, down by 100,000 bpd from the previous month, data from state-owned marketer SOMO seen by Reuters showed on Monday.

According to the production figures, Iraq’s output was 100,000 bpd below its OPEC+ quota.

The production fall followed lower exports from both federal Iraq and the semi-autonomous Kurdistan region, while internal consumption also fell, the data showed.

The maintenance will not impact oil exports as production from other oilfields is set to increase to cover the shortfal, the sources said.
Source: Reuters