Kurdish Oil Exports top $1bn

By John Lee.

The Kurdistan Region of Iraq has exported more than 14 million barrels of oil from its independent oil pipelines to Turkey in the last nine months, according to a report from BasNews.

A spokesman for the KRG’s Natural Resources Committee told the news agency that the exports have brought in over 1 billion dollars [1.2 trillion Iraqi dinars] in revenue for the Kurdistan Region, adding:

“The KRG hasn’t sold the oil of any fields in Kirkuk province, and they won’t because it is a violation of the Iraqi constitution.”

Current exports are running at a rate of over 250,000 barrels of oil per day.

(Source: BasNews)

(Oil image via Shutterstock)

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