Iraq's daily crude oil production drops sharply to around 1.4 million barrels

(1) Iraqi Oil Minister Abdul Ghani revealed on Thursday that the country's crude oil daily output will remain stable at around 1.4 million barrels, which is less than one-third of the production before the outbreak of the conflict between the US, Israel, and Iran. (2) According to the Iraqi official news agency, the minister stated that currently about 200,000 barrels of crude oil are transported daily by trucks through Turkey, Syria, and Jordan. Iraq has introduced corresponding plans to cope with the current situation of disrupted oil supply. (3) On March 8, due to the impact of the war, Iraq was unable to export oil through the Gulf region, and the crude oil output from its main oil-producing area—the southern oil fields—has dropped sharply by 70%, falling to 1.3 million barrels per day.