Home / Oil & Energy / Oil & Companies News / Iraq lowers Majnoon oilfield output to 104,000 bpd – source

Iraq lowers Majnoon oilfield output to 104,000 bpd – source

Iraq has lowered production at its giant Majnoon oilfield to 104,000 barrels per day (bpd) this month from 220,000 bpd in January, in line with an OPEC supply agreement, a senior oil ministry source told Reuters on Saturday.

Iraq is producing below its maximum capacity of nearly 5 million bpd, in line with an agreement between OPEC and other exporters such as Russia to curtail global supply in order to support prices.
Source: Reuters (Reporting by Aref Mohammed; Writing by Ahmed Aboulenein; Editing by Mark Potter)

Leave a Reply

Your email address will not be published. Required fields are marked *

*

captcha

Please enter the CAPTCHA text

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping