The daily production of Basra Oil Company in Iraq has decreased from 3.3 million barrels to 900,000 barrels.

On the evening of March 20th local time, a source from the Iraqi Oil Ministry said that due to the halt of oil exports from the southern ports of Iraq, the daily production of Basra Oil Company has decreased from 3.3 million barrels to 900,000 barrels. The current production has been reduced by approximately 30% compared to the production before February 28th.