Iraq, Nigeria Outages Lead Opec Production Fall

Export pipeline outages in Iraq and Nigeria outweighed further production increases in Iran in February as Opec production fell to a nine month low. Output fell by 360,000 b/d from January’s revised record of 32.81mn b/d to 32.45mn b/d. The biggest fall was in Iraq, where output dropped by 200,000 b/d, mainly due to a 13 day outage of the export pipeline from the autonomous Kurdistan Region to Turkey (see p2).

Other than Iran, which is gradually increasing production in the post-sanctions era, the only Opec country to register an increase was Angola, where output rose by 10,000 b/d.


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