OPEC: Iraq reduced its oil production the most in August

 
09/19/2020

Economy News _ Baghdad

The Organization of Petroleum Exporting Countries announced that Iraq came first in the countries with the most reduced oil production within the organization for the month of August.

The organization said in an internal document seen by "Al-Eqtisad News", that "Iraq was the most oil-producing country in OPEC to reduce for the month of August, as the average cuts reached 152 thousand barrels per day, followed by Saudi Arabia, with an average amount of 93 thousand barrels per day, and Nigeria came third with an average reduction of 32 thousand barrels per day, then Angola came fourth, with an average reduction of 31 thousand barrels per day. Then Kuwait came fifth, with an average reduction of 12 thousand barrels per day, and then Algeria came sixth with an average reduction of 8 thousand barrels per day.

She added, "The countries that raised their production within OPEC during the month of August came first with an average rise of 182 thousand barrels, followed by Gabon second with an average rise of 29 thousand barrels per day, followed by Congo third with an average increase of 15 thousand barrels per day, then Equatorial Guinea came fourth with an average production It reached 12 thousand barrels per day. "

The organization indicated that "the average reduction from all OPEC reached 90 thousand barrels per day."

She explained that "the countries that reduced their production from outside OPEC included Malaysia, with an average reduction of 37,000 barrels per day, followed by Kazakhstan, second with an average of 22,000 barrels per day, followed by Bahrain third, with an average of 15,000 barrels per day, and then Oman came fourth with an average reduction of 2 thousand barrels per day." Then Azerbaijan came fifth, with an average reduction of one thousand barrels per day, and then two recent ones came to Sudan sixth, with an average reduction of one thousand barrels per day.

She pointed out that "the countries that raised their oil production from outside OPEC for the month of August included Russia, with an average rise of 45 thousand barrels per day, followed by southern Sudan secondly, with an average rise of 39 thousand barrels per day, and then Brunei came third with an average increase of 8 thousand barrels per day."

It indicated that the average cuts from the ten non-OPEC countries amounted to 15,000 barrels per day.

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