Basra Oil Company (BOC) has reduced crude oil production from 3.3 million barrels per day to 900,000 barrels per day following the suspension of exports from southern ports.
The reduction was confirmed during a meeting chaired by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani Al-Sawad to review the company’s production plan in light of regional developments.
According to the Ministry of Oil, the reduced volumes are being directed to supply domestic refineries.
The meeting was attended by Deputy Minister for Extraction Affairs Bassem Mohammed Khudair, Basra Oil Company Director General Bassem Abdul Karim, and senior company officials.
At a separate meeting with the South Gas Company (SGC), the Minister pointed out that production of liquefied gas reached 3,500 tons per day, achieving self-sufficiency and ending imports.
