The Iraqi Ministry of Oil has confirmed its commitment to compensating for any surplus production since the beginning of this year. This announcement comes after secondary sources estimated that Iraq exceeded the quota allocated for the month of May by about 203 thousand barrels. The ministry stated that it plans to adhere to the production level scheduled for June, which is four million barrels per day, as well as in the following months. The ministry emphasized that it will compensate for any surplus in production since the beginning of the year during the compensation period, which extends to the end of September 2025.
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