Data from Iraq’s state-owned oil marketing firm “SOMO,” seen by Reuters on Thursday, showed Iraq produced 4.43 million barrels a day of crude oil in November, down 221,000 from October.
These numbers prove it Iraq’s crude production In line with its quota under the OPEC+ deal for November.
Thus, Iraq’s oil production in November decreased by 220 thousand barrels per day compared to October.
Data shows that this decline was the result of Iraq’s reduction in domestic crude oil consumption by 92,000 barrels per day and exports by 63,000.
And in October, Iraq’s then oil minister, Ihsan Abdul-Jabbar, said his country would meet its share in the OPEC+ deal by controlling domestic oil consumption to maintain export capabilities.
