Iraq Reveals Oilfields Output to Win Over OPEC
Iraq Reveals Oilfields Output to Win Over OPEC

Iraq Reveals Oilfields Output to Win Over OPEC

Iraq Reveals Oilfields Output to Win Over OPEC

Iraq published data showing a rare level of detail for its oil production and exports, a week after inviting energy reporters to Baghdad to make a case that the country is pumping more crude than analysts and OPEC acknowledge.
The country’s state oil marketing agency released a statement on Sunday showing September production figures for each of the 26 fields it controls, plus a single output figure for the semi-autonomous Kurdish region, which manages its crude independently, Bloomberg reported. Previous monthly statements showed just two figures: total production and total exports. The Oil Marketing Co., known as SOMO, also provided detailed data on exports and domestic consumption.
OPEC’s second-largest producer says it pumped more than 4.7 million barrels a day last month, several hundred thousand barrels a day more than oil-industry watchers recognize.

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