{"id":16262,"date":"2026-03-12T16:48:09","date_gmt":"2026-03-12T16:48:09","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/16262\/"},"modified":"2026-03-12T16:48:09","modified_gmt":"2026-03-12T16:48:09","slug":"iraq-to-hold-oil-output-near-1-4-million-bpd-as-war-strangles-exports","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/16262\/","title":{"rendered":"Iraq to Hold Oil Output Near 1.4 Million Bpd as War Strangles Exports"},"content":{"rendered":"<p class=\"speakable\">Iraq will maintain crude oil production at roughly 1.4 million barrels per day as the war disrupting the Persian Gulf continues to cripple the country\u2019s export routes, Oil Minister Hayan Abdel-Ghani said Thursday, according to the state news agency.<\/p>\n<p>The figure represents a dramatic collapse from Iraq\u2019s normal production levels. Before the conflict effectively froze tanker traffic through the Strait of Hormuz, Iraq had been pumping a little over 4 million barrels per day, according to <a href=\"https:\/\/oilprice.com\/Energy\/Crude-Oil\/Iraqi-Supply-Loss-Could-Expose-the-Real-Limits-of-OPEC-Spare-Capacity.html\" rel=\"nofollow noopener\" target=\"_blank\">recent OPEC data<\/a> and secondary-source estimates cited in the group\u2019s Monthly Oil Market Report. In other words, the country is currently producing barely one-third of its typical output.<\/p>\n<p>The problem isn\u2019t a lack of oil in the ground\u2014it\u2019s getting that oil to market.<\/p>\n<p><a href=\"https:\/\/www.amazon.com\/Roughnecks-Riches-Start-Up-American-Fracking\/dp\/B0FCDBHGSW\" class=\"charts_banner_clicked charts_banner_add_view\" data-banner_id=\"38\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"not_lightbox\" src=\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/03\/book.jpg\"\/><\/a><\/p>\n<p>With Gulf export routes largely unavailable, Iraq has been forced to improvise. About 200,000 barrels per day are now being moved by truck through neighboring countries including Turkey, Syria, and Jordan, according to the oil minister. Even so, those alternative routes barely scratch the surface compared with Iraq\u2019s normal export capacity.<\/p>\n<p>Most of Iraq\u2019s oil is produced in its southern fields and typically shipped out via terminals in the Gulf. With maritime flows disrupted by the conflict, production from those fields has reportedly plunged roughly 70%.<\/p>\n<p>The economic consequences are severe. Oil sales account for more than 90% of Iraq\u2019s government revenue and fund the bulk of public spending. A prolonged disruption threatens to blow a hole in the country\u2019s already fragile finances.<\/p>\n<p>Baghdad is now exploring alternative export routes in hopes of stabilizing the situation. The oil ministry has asked the Kurdistan Regional Government to pump at least 100,000 barrels per day from the Kirkuk fields and send the crude north through Turkey\u2019s Ceyhan pipeline. Officials say an agreement on exports via Ceyhan is expected soon, though details remain unclear.<\/p>\n<p>By Julianne Geiger for Oilprice.com<\/p>\n<p>More Top Reads From Oilprice.com<a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Trump-EPA-Set-to-Scrap-Landmark-Emissions-Policy.html\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n","protected":false},"excerpt":{"rendered":"Iraq will maintain crude oil production at roughly 1.4 million barrels per day as the war disrupting the&hellip;\n","protected":false},"author":2,"featured_media":16263,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[196,94,2733,213,1205,101],"class_list":{"0":"post-16262","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iraq","8":"tag-iran-war","9":"tag-iraq","10":"tag-krg","11":"tag-oil","12":"tag-oil-exports","13":"tag-strait-of-hormuz"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116217230278992821","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/16262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=16262"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/16262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/16263"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=16262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=16262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=16262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}