Iraq Oil Output Hits Record

By John Lee.

Iraq’s crude oil production climbed to an all-time high of 4.18 million barrels a day in July, according to statistics from the International Energy Agency (IEA).

This was up from the 4.15 million bpd produced in June.

The southern oilfields accounted for exports of 3.06 million bpd, up about 40,000 barrels from June.

Exports from the north of Iraq via the port of Ceyhan in Turkey fell by 50,000 bpd to about 520,000 bpd, due in part to an attack on an export pipeline inside Turkey.

(Sources: Bloomberg, IEA)

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