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Kurdistan Ramps Up Independent Oil Sales

Crude from Kurdistan used to flow through a Baghdad-controlled pipeline to the Turkish port of Ceyhan, but exports via that channel dried up in late 2012 due to a dispute over payments for oil companies operating in the region. (File photo: Reuters)

The Kurdistan Region has ramped up independent oil sales since mid-June while cutting allocations to Iraq’s state oil firm SOMO in an escalating dispute over export rights and budget payments. Kurdistan has sold at least 9 million barrels of oil in 11 tankers from the Turkish port of Ceyhan so far …

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Natural Resources Ministry: In May 577,621 BPD Exported

natural resources ministry krg

The Kurdistan Regional Government today publishes the Monthly Export Report for May 2015. The Kurdistan Regional Government (KRG) exported 17,906,242 barrels of crude oil (an average of 577,621 barrels per day (bpd)) in the month of May through the Kurdistan pipeline network to the port of Ceyhan in Turkey. Of this …

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Kurdistan Oil Exports Reach 451,000 bpd in May

The KRG argues that it has exported the agreed amount of oil, while Baghdad denies.

The Kurdistan Region and Kirkuk increased daily oil exports to a record average of more than 450,000 barrels per day (bpd). Overall oil exports from Iraq also exceeded previous figures, to an average of 3.145 million bpd in May, up from 3.08 million the previous month, the oil ministry said …

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