Iraq Oil Production Highest Since 1979

By John Lee.

Iraq's crude oil production has risen to the highest level since 1979, according to a report from Bloomberg.

Citing Oil Ministry sources, the news agency says output has hit 3.328 million barrels a day (bpd), of which 2.484 million bpd are exported from Basra.

In June Iraq's oil production overtook that of Iran’s for the first time since 1988, when the countries ended their eight-year war.

(Source: Bloomberg)

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