Friday, 5 June 2015

Kurdistan Regional Government breaks monthly oil export record | The National

Kurdistan Regional Government breaks monthly oil export record | The National:



"The Kurdistan Regional Government exported a record amount of oil last month, emphasising that most of it was delivered to the central government’s oil marketing arm as it tries to resolve a long-standing dispute over control and revenue sharing.



The KRG issues only sporadic reports on its oil output and exports, but the ministry of oil and minerals put out a statement earlier this week saying nearly 18 million barrels, or about 578,000 barrels per day, were exported in May through the pipeline that runs north to the Turkish port of Ceyhan.



The ministry said that about 407,000 bpd came from fields in the Kurdish region, with a further 171,000 bpd coming from fields operated by Iraq’s Northern Oil Company. Most of the latter came from the Kirkuk oilfield that lies on the Iraq border with the Kurdistan region."



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