Iraq’s crude oil production has been stuck between the 4.0-4.7 million barrels per day (bpd) level since 2016, with a mean average of about 4.5 million bpd during that period, but it could relatively straightforwardly produce 12 million bpd – way more than Saudi Arabia’s true crude oil production average of 8.
2 million from 1973 to last Friday. Key elements needed for Iraq to increase its crude oil production to this elevated level are contained in the US$27 billion four-pronged deal agreed with TotalEnergies but there are now…Battle For Iraqi Oil Heats Up After Iran-Saudi Deal
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