Iraq: Record Crude Burn Fueled By Lack Of Alternatives

It’s not just Saudi Arabia (see p20) that has burnt record quantities of crude so far this year. Iraqi burning is also running at record levels, MEES analysis of JODI and national data indicate.

Iraq’s crude burn hit a record 152,000 b/d in August. It is unclear to what extent this record is supply or demand led – output has ramped up at a number of key fields in southern Iraq in recent months (see p14), but...