August production edges higher

Basra Oil Company Director General Khalid Hamza Abbas presides over a ceremony to start a new water injection project at the Majnoon oil field. (Photo credit: BOC)

Iraq's nationwide oil production edged up slightly in August to 4.74 million barrels per day (bpd) from 4.72 million bpd in July, according to field-by-field data compiled by Iraq Oil Report.

It was the second month in a row that Iraq’s oil production has topped 4.7 million bpd. The country last produced at these levels in 2019, before the OPEC-plus group instituted deep output cuts in response to reduced demand stemming from the coronavirus pandemic.