KRG Oil Exports Increase to 512k bpd for April

The Kurdistan Regional Government (KRG) today publishes the monthly crude oil export report for April 2016.

The report details: All oil export volumes through the KRG-Ceyhan crude oil pipeline; all crude oil cargoes lifted from Ceyhan by the buyers; and the revenues received on account by the KRG during the month.

The Kurdistan Regional Government (KRG) exported 15,356,651 barrels of crude oil (an average of 511,888 barrels per day (bpd)) in the month of April through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

During the month of April there were approximately 7 hours of downtime for the export pipeline.

The buyers of the KRG crude oil lifted 17 cargoes in Ceyhan (totaling 15,267,542 barrels) according to the volumes allocated to them under their contracts.

The KRG received $376,395,901 on account in April from its crude oil export, of which $58,895,901 was allocated to the producers. In addition, one cargo of 1,025,828 barrels of oil was allocated to contractor no. 3 against its 2015 prepayments, so no new payment was payable against this cargo. So in summary the month of April position was as tabulated below:

  • Number of crude oil barrels sold in Ceyhan: 14,241,714
  • Number of crude oil barrels lifted in Ceyhan against 2015 debt: 1,025,828
  • Gross export revenue received in April: $376,395,901

Please click here to read or download the report

(Source: KRG)

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