KRG Oil Exports Top 600,000 bpd

The Kurdistan Regional Government (KRG) has published its monthly export report for November 2015.

The KRG exported 18,023,075 barrels of crude oil (an average of 600,769 barrels per day (bpd)) in the month of November through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

Of this amount, fields operated by the KRG contributed 13,023,266 barrels (434,109 bpd on average), while fields operated by the North Oil Company (NOC) contributed 4,999,809 barrels (an average of 166,660 bpd), being the export contribution towards the KRG’s agreed budget for 2015.

Due to circumstances beyond the KRG’s control, during November there were 2 days of downtime for the export pipeline, caused mainly by attempts at sabotage and theft within Turkey.

In November, the KRG continued to increase its direct oil sales in Ceyhan to compensate the Region for the budget shortfalls from the federal government in Baghdad.

The KRG will continue to work with its counterparts in the federal government to reach a clear and mutually beneficial understanding on all the issues related to the oil export during 2016 and normalization of the relationship over the 2016 budget.

Please click here to read and download the report.

(Source: KRG)

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