Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Iraq's Aug oil output revised down to 4.622 mil b/d, still at record levels: SOMO

Energy | Thermal Coal | Electric Power | Emissions | Renewables | Oil | Crude Oil | Metals | Steel | Raw Materials

Market Movers Europe, Oct 21-25: Putin hosts heads of state at Russia-Africa Summit, as Brexit taints EU carbon market


Platts Market Data – Oil

Commodities | Oil | Crude Oil

Middle East Executive Petroleum Conference (MEEPEC)

Natural Gas | Natural Gas (North American)

Analysis: AECO hub rallies near Chicago prices on rising Alberta demand

Iraq's Aug oil output revised down to 4.622 mil b/d, still at record levels: SOMO

London — Iraq's oil production in August averaged 4.622 million b/d, slightly down from a previous estimate of 4.638 million b/d but still a new production record, according to revised estimates from Iraq's State Oil Marketing Organization released Tuesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The latest estimate is represents a 16,000 b/d increase from July and is the fourth time Iraq has passed the 4.5 million b/d threshold, according to official data.

SOMO did not provide a breakdown of production between the federal government and semi-autonomous Kurdistan Regional Government in its statement.

The data includes output from state-owned North Oil Co., Midland Oil Co., and an estimated output from KRG.

Article Continues below...

Analysts told S&P Global Platts that the oil ministry has consistently overestimated KRG production, and hence the country's total, since December 2015.

According to Iraqi oil industry experts, the ministry could be hoping to use the higher numbers as a bargaining tool for possible production freeze talks among OPEC members, as the producer group prepares to meet in Algeria next September.

But Iraqi exports from the southern Basrah terminals along with a substantial increase in its domestic refining have contributed to higher production this summer for OPEC's second-largest oil producer.

Platts' latest OPEC survey, released September 8, estimated Iraqi output in August at 4.32 million b/d.

--Eklavya Gupte,
--Edited by Alisdair Bowles,