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KRG: July’s Oil Export Income Around $390 Million

A flame rises from a pipeline at Tawke oil field near Duhok. Photo: Azad Lashkari for Reuters
A flame rises from a pipeline at Tawke oil field near Duhok. Photo: Azad Lashkari for Reuters

The Ministry of Natural Resources of the Kurdistan Regional Government said that revenues accrued from oil export in July has been $389 million after several deductions.

In a statement published on their website, the MNR said that 457,314 barrels per day have been sold via Ceyhan port in July, which totals 14,176,671 barrels in a month. The lifted oil has brought in $461 million for the KRG at a $32.53 per barrel.

However, of that amount, around $23 million has been allocated to the main oil producers in the Kurdistan Region, another $63 million has been retained by buyers against past prepayment. Kirkuk and other minor producers have taken $18 million as part of their contribution to the oil production.

Read the report here .

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