Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Iraq has signaled a willingness to go along with the recently-mooted Opec/non-Opec ‘output freeze’ pact. But there’s a catch: the freeze will be at January levels, and Iraq claims an implausibly high total.
Fresh from praising talks between Opec and non-Opec in Doha and Tehran last week on the potential for a crude production freeze, Iraq officials have said that the country could be willing to cooperate with any freeze.
But then the freeze is to be at January levels. And figures released by the oil ministry on 17 February show that Iraq has surged to a new production record of 4.79mn b/d. In January, for the first time in years, Baghdad has made clear that it has included output from the autonomous Kurdistan Regional Government (KRG) as well as fields under Baghdad’s control. But by seemingly taking maximalist figures for both ‘federal’ northern output and the KRG these figures seem to double count several key disputed fields.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE