The production figure provided by the official, who requested to remain anonymous, contradicts the results of a survey conducted by Reuters on October 3, which found that Iraq Pumping 90 thousand barrels per day more than the quota in September.
When asked about the survey results, the official said that production fell below the quota due to a decline in exports, domestic consumption, and Kurdistan region production.
A source told Reuters last month that Iraq intends to reduce its oil production to between 3.85 and 3.9 million barrels per day in September as part of a plan to compensate for production that exceeds its quota.
Sources told Reuters that countries’ compliance with their quotas was the focus of attention earlier this month at a meeting of senior ministers from OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC).OPEC) led by Saudi Arabia And allies on top of them Russia.
The issue of quota compliance is expected to remain at the top of the OPEC+ agenda in the coming weeks, especially in the case of Iraq and Kazakhstan.
The two countries promised what are known as compensation cuts of 123,000 barrels per day in September and a larger reduction in the following months to compensate for their excess production in the past.
A statement issued by OPEC after the meeting said that Iraq, Kazakhstan and Russia informed the meeting this month that they had fulfilled their pledges to make cuts in September.
