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Iraq pumped 4.15 million barrels per day (bpd) of oil in March, 222,000 bpd short of its production quota under an agreement with other OPEC+ producers. Iraq's March output fell by 112,000 bpd from February, largely due to field outages in the south, data from SOMO showed. Upgrade work on Iraq's Gulf ports, which lasted for most of 2021 and is scheduled to be finished in the current quarter, has also prevented Iraq from pumping larger volumes. 

Iraq’s March oil output falls as gap with its OPEC+ quota widens

Iraq pumped 4.15 million barrels per day (bpd) of oil in March, 222,000 bpd short of its production quota under an agreement with other OPEC+ producers. Iraq’s March output fell by 112,000 bpd from February, largely due to field outages in the south, data from SOMO showed. Upgrade work on Iraq’s Gulf ports, which lasted for most of 2021 and is scheduled to be finished in the current quarter, has also prevented Iraq from pumping larger volumes. 

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