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Iraq produced 4.33 MMbbl/d of crude in January, down by 100,000 bbl/d from the previous month, data from state-owned marketer SOMO seen by Reuters showed on Feb. 6.
According to the production figures, Iraq's output was 100,000 bbl/d below its OPEC+ quota.
The production fall followed lower exports from both federal Iraq and the semi-autonomous Kurdistan region, while internal consumption also fell, the data showed.
Iraq plans to temporarily shut its 400,000 bbl/d West Qurna 2 oilfield for 10 days of maintenance from Feb. 20, two oil officials with knowledge of the field's operations said earlier this month.
The maintenance will not impact oil exports as production from other oilfields is set to increase to cover the shortfall, the sources said.
2024-02-21 - Venture Global files requests with the Federal Energy Regulatory Commission for Calcasieu Pass 1 and 2 before a potential vacancy on the commission brings approvals to a standstill.
2024-02-13 - Industry leaders worry that the DOE’s suspension of approvals for LNG projects will persuade global customers to seek other suppliers, wreaking havoc on energy security.
2024-02-08 - Ongoing U.S. tensions with China and Russia offer Vietnam an opportunity to boost economic ties with the former if American investors can steer past geopolitical smokescreens and destine funds for infrastructure, power and LNG projects all somewhat tied to Vietnam’s manufacturing sector.
2024-02-07 - A quest for sources of lithium comes as the lucrative element is expected to play a part in global efforts to lower emissions, but in many areas the economics are challenging.
2024-02-07 - Chesapeake CEO Nick Dell’Osso and Mercator Energy President John Harpole, speaking at NAPE, said some government decision-makers have yet to catch on to changes spreading across the natural gas market.