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Kurdistan Has Exported 13.7 Million Barrels of Oil Since May

The KRG has exported 13.7 millions barrels of oil since May 2014.
The KRG has exported 13.7 millions barrels of oil since May 2014.

Reuters reports that Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May, using its new pipeline to the Turkish port of Ceyhan.

An official told the news agency that the flow of oil continues without any issues, and a 20th tanker will be loaded in the coming days.

Meanwhile, Turkish Energy Minister Taner Yildiz told reporters that Turkey’s state-run Halkbank, to which buyers of the Kurdish oil make their payments, holds $400 million in respect of Kurdish oil sales.

“This is a business in which so far $1.3 billion-worth of revenues has been made,” Yildiz added.

Reuters

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