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Sharp decline in Iraq's oil production due to military escalation in the region

March 8, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
Sharp decline in Iraq's oil production due to military escalation in the region

Iraq's oil production has dropped to about 1.3 million barrels per day, compared to about 3.3 million barrels per day before the military escalation in the Gulf region, according to the Iraqi Ministry of Oil on Sunday. Kazem Abdul Hassan Karim, assistant director general of the ministry's fields and licensing affairs company, stated in a statement reported by the ministry that production has currently stabilized at …

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