Production from Iraq’s West Qurna-2 oilfield is at around 402,000 bpd, Lukoil Overseas has announced
The output is expected to rise to 420,000 bpd by the end of the year, senior vice-president Gati Al-Jebouri said at a conference in London recently.
Iraq had earlier notified its exploration partners that it plans to split its southern Basra oil production into two grades due to quality differences and offer a heavier type of crude from May this year onwards.
The country first floated the idea in October 2014 due to a rise in new production of heavier Basra crude from southern fields such as West Qurna. Basra’s quality swings from a heavy oil with API gravity at 26º to a medium type at 34º.
