According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.
Based on the production data, Iraq’s output in July was just above its OPEC+ quota of 4.580 mmbbl/d.
For determining compliance with output quotas, OPEC+, consisting of oil exporting countries and their allies, uses secondary source production data as an average.
Iraqi production was 34,000 bbl/d below its quota in the second quarter, and 75,000 bbl/d below its ceiling in June, according to secondary sources.
In OPEC’s monthly report on Thursday, secondary source production figures for July will be published as an average.