Report: Iraq’s West Qurna-2 cuts oil output by 70,000 bpd

CAIRO, May 13 (PRIME) -- The West Qurna-2 oilfield in Iraq, 75% owned by Russian oil major Lukoil, has reduced production by 70,000 barrels per day to comply with the conditions of the new OPEC+ oil output reduction deal, Khalid Hamza Abbas, assistant director at Iraqi state company Basra Oil Co, said in an interview to news agency INA published on Wednesday.

Total oil output of the Iraqi’s company amounts to 3.4 million barrels a day, and it has to cut 650,000 barrels under the deal. “The share of oil output reduction is distributed as follows: output of the West Qurna-2 field is cut by 70,000 barrels a day, of the West Qurna-1 by 50,000 barrels, of the Jakhd field…by 350,000 barrels per day. The remaining amount is distributed between the Zubair and Rumaila fields,” he said.

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