Iraq: EIA: Iraq Oil Production Growth was World’s Second Largest in 2014

Feb 9, 2015 | Oil & Gas 360
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According to information released by the Energy Information Administration (EIA) today, Iraq’s production growth in 2014 was the second largest in the world, trailing only the United States. Iraq accounted for almost 60% of production growth among OPEC members, although its growth was more than offset by production declines in other OPEC countries.

Iraq’s crude oil production, which averaged almost 3,400 MBOPD in 2014, was 330 MBOPD above 2013 levels, despite the heightened security threat from the Islamic State of Iraq and the Levant (ISIL) and disrupted production in northern Iraq, according to the EIA.