Iraq's largest oil field's daily production has decreased by 700,000 barrels.

GateNews

2026-03-03 14:02:32

PANews March 3 News, Iraqi oil officials stated that due to the easing of tensions in the Strait of Hormuz, the arrival of oil tankers has slowed, leading to full storage facilities. The Rumaila oil field in Iraq has reduced its crude oil production, cutting daily output by 700,000 barrels on Tuesday.
Rumaila oil field, located west of Basra in southern Iraq, is Iraq’s largest and the fourth largest in the world. The proven crude oil reserves in this field are approximately 17 billion barrels.

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