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Asharq Al-Awsat
Asharq Al-Awsat
Business
Baghdad -Asharq Al-Awsat

Iraq Shuts Down Two Oil Fields with Half a Million bpd Capacity

A view of the West Qurna-2 oilfield is seen in Basra, southeast of Baghdad March 29, 2014. REUTERS/Essam Al-Sudani

Iraq stopped oil production from two southern fields with a combined capacity of almost half a million barrels a day.

The shutdowns curtail the ability of OPEC’s second-largest member to pump crude just as Russia’s invasion of Ukraine and tight supplies globally send prices soaring, according to Bloomberg on Monday.

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