Crude Oil Production in Iraq increased to 4595 BBL/D/1K in May from 4500 BBL/D/1K in April of 2019. Crude Oil Production in Iraq averaged 2139.85 BBL/D/1K from 1973 until 2019, reaching an all time high of 4830 BBL/D/1K in December of 2016 and a record low of 0 BBL/D/1K in February of 1991.
Crude Oil Production in Iraq is expected to be 4200.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Iraq to stand at 4000.00 in 12 months time. In the long-term, the Iraq Crude Oil Production is projected to trend around 3800.00 BBL/D/1K in 2020, according to our econometric models.