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Iraq produced 3.955 million barrels per day (bpd) of crude oil in May, up 17,000 bpd from April, a source at state-owned marketer SOMO told Reuters on Tuesday.
The May production, according to SOMO, was 265,000 bpd below Iraq’s OPEC+ quota when including pledged additional voluntary cuts.
Iraq’s production has been hit since its northern export pipeline, which carries around 450,000 bpd of crude from the semi-autonomous Kurdistan Region to the Turkish port of Ceyhan, was taken offline on March 25.
