سندوقی نیشتمانی ئەمریکا بۆ دیموکراسی پاڵپشتی دارایی درەو دەکات
هەواڵ
Due to the attacks on Iran and the closure of the Strait of Hormuz, Iraq has suspended the production of 1.2 million barrels of oil per day, causing daily losses of $128 million to the country.
بڵاوکراوەتەوە لە : 4 ئازار 2026
قەبارەی دەقەکان
قەبارەی دەقەکان
Bloomberg reports that Iraq has begun halting oil production at its largest fields as storage tanks reach capacity. It is also preparing to stop nearly 3 million barrels per day if the Strait of Hormuz crisis continues, according to informed sources involved in the process.
The sources indicated that OPEC’s second-largest oil producer has started shutting down the Rumaila field — the country’s largest oil field — along with the West Qurna 2 project. As of today, Tuesday, approximately 1.2 million barrels per day have been halted.
The sources further stated that if the Strait of Hormuz remains closed to shipping, within the coming days the shutdown could affect nearly two-thirds of Iraq’s total oil production.
Meanwhile, the suspension of production at the Rumaila field and oil fields in the Kurdistan Region due to the war is causing Iraq losses of approximately $128 million per day. This is according to an analysis by Eco Iraq.
Eco Iraq noted that the Rumaila field produces about 1.4 million barrels per day, while the Kurdistan Region’s production capacity is around 200,000 barrels per day. Accordingly, the total suspended production amounts to approximately 1.6 million barrels per day.
If oil prices are calculated at $80 per barrel, the daily loss from halted production is around $128 million. It is expected that the suspension could expand to other fields if the tensions continue.
Eco Iraq added that if the suspension continues for one week, Iraq would lose around $900 million in revenue, and if it lasts for one month, losses could reach $3.8 billion.
“This creates direct pressure on the general budget, which depends on oil revenues for more than 90% of its income. If the crisis continues, it could pose a risk of financial instability.”
Regarding the suspension of oil production and exports from the Kurdistan Region, foreign companies fear potential Iranian attacks.
