Iraq decreased oil production from the Rumaila oil field by 700,000 BPD on Tuesday, according to Iraqi oil officials.

Mar 3, 2026, 1:54:43 PM UTC(9 hours ago)
Impact: Very High

Affected Assets

  • Iraq decreased oil production from the Rumaila oil field by 700,000 BPD on Tuesday, according to Iraqi oil officials.
  • Iraq decreased oil production from the Rumaila oil field by 700,000 barrels per day (BPD) on Tuesday, according to Iraqi oil officials.
  • Rumaila is a "super-giant" oil field in Iraq, operated by the Basra Energy Company (BEC), which replaced the Rumaila Operating Organisation (ROO) in 2022.
  • The field is owned by Iraq.
  • Production at Rumaila had previously declined due to a lack of investment.

Sources

@DeItaone
From:@DeItaone
🚨 IRAQ HAS DECREASED OIL PRODUCTION FROM THE RUMAILA OIL FIELD BY 700,000 BPD ON TUESDAY - IRAQI OIL OFFICIALS
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Iraq decreased oil production from the Rumaila oil field by 700,000 BPD on Tuesday, according to Iraqi oil officials. | Foxly Invest