Aug Oil Output Revised Down, Still at Record Levels

By John Lee.

Iraq’s oil production in August has been revised down from 4.638 million bpd to 4.622 million bpd, according to a report from Platts.

The latest estimate is still a 16,000 bpd increase from July, and is the fourth time Iraq has passed the 4.5 million bpd threshold.

The State Oil Marketing Organization (SOMO) did not provide a breakdown of production between the federal government and Kurdistan Regional Government.

(Source: Platts)

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