SOMO stated, in a statement issued on Wednesday, that the oil production ceiling set in Iraq for the first quarter of 2021 is 3.857 million barrels per day.
SOMO indicated that based on the export rates for the month of January, which amounted to 2.868 million barrels per day for the federal government, about 397 thousand barrels per day for the Kurdistan region, the total Iraqi exports for the month of January amounted to 3.265 million barrels per day.
She indicated that Iraq’s total production for the month of January reached 3.807 million barrels per day, and that the percentage of Iraq’s commitment to reduce production is 106 percent.
She indicated, in a comment on the media agencies’ publication, last Tuesday, that Iraq’s production amounted to 3.870 million barrels per day during the month of January.
According to SOMO, the federal government’s internal consumption, according to the plan, is 520,000 barrels per day, while the internal consumption of the Kurdistan region, according to the latest Deloitte report, is 22,000 barrels per day.
SOMO revealed that Iraq compensated nearly 50 thousand barrels per day of the total compensatory quantity for the previous periods, which amounted to 626 thousand barrels per day, and with this, the remainder for compensation during February and March 576 A thousand barrels per day.