Kurdish Oil Export Figures on the Rise

By Patrick Schmidt. 

The Kurdish Minister of Natural Resources, Ashti Hawrami (pictured) announced that the Kurdistan Regional Government (KRG) has sold 7 million barrels of oil on the international market. He remains confident that the KRG will win the ability to sell oil in the US markets.

Currently, the KRG produces 300,000 barrels of oil per day and it is expected that the figure will reach 500,000 barrels of oil per day by the end of the year.

The KRG has been successful in delivering oil to some international clients. The most recent success for the KRG was the delivery of oil to Croatia for MOL. Two tankers,the United Kalavrta and Minerva Joy, remain off US shores until the dispute between Erbil and Baghdad is resolved.

Increased oil production in Kurdistan has also eliminated previous fuel shortages following the June offensive of thr Islamic State of Iraq and the Levant (ISIL).

(Source: Rudaw English)

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