According to S&P Global Platts, OPEC’s second largest producer Iraq, has reached record oil production of 4.88 million bpd in August. Iraq’s August production was a 370,000-bpd excess of its 4.51 million bpd cap set in the OPEC+ production cut policy.

Iraq’s Oil Production Hits a Record of $4.88 Million bpd

Posted On: September 6, 2019

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According to S&P Global Platts, OPEC’s second largest producer Iraq, has reached record oil production of 4.88 million bpd in August.

Iraq’s August production was a 370,000-bpd excess of its 4.51 million bpd cap set in the OPEC+ production cut policy.

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