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Iraqi authorities halt production at the southern Rumaila oil field due to rising stock

March 4, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
Iraqi authorities halt production at the southern Rumaila oil field due to rising stock

The Iraqi Ministry of Oil and the Basra Oil Company decided on Tuesday to reduce production and pumping at the southern Rumaila field by 100 percent due to international political developments and the closure of the Strait of Hormuz. The company's operations authority stated in a statement that as a result of international political events and the subsequent closure of the Strait of Hormuz, international navigation has been disrupted and oil tankers have refrained from entering...

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