Iraq Oil Output Cut Further as Baghdad Pushes for Kirkuk Restart

Iraq’s oil production has fallen to 1.2 million barrels a day because of the Iran war and Baghdad is pushing to restart export flows of its Kirkuk grade from the north of the country to help compensate.

Output has dropped from 4.3 million a day previously because of the closure of the Strait of Hormuz, which led to storage tanks filling up, oil ministry spokesman Sahib Al-Hasnawi said. The current rate of production is fractionally lower than what people familiar with the matter said earlier.