Fire Shuts In 300,000 Bpd of Oil Production at Iraq’s Giant Oilfield

Rumaila, the biggest oilfield in Iraq capable of pumping about 1.5 million barrels per day (bpd), has seen its oil production cut by 300,000 bpd since a fire broke out at the huge field last week, an Iraqi oil official told Bloomberg on Monday. Iraq currently does not have a timeline for a full recovery of crude oil production at Rumaila, Mohammed Al-Najjar, Iraq’s National Representative to OPEC, told Bloomberg. A fire broke out on Friday at the Rumaila field, where BP and PetroChina have worked in recent years to boot production. The fire…