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KRG agrees to increase oil exports next year
- Iraq: Wednesday, October 24 - 2012 at 02:08
The Kurdish regional government (KRG) has said it would export 250,000 barrels of oil per day (bpd) in 2013 if Baghdad pays operators in the autonomous region, in a move that aims to ease their dispute over control of the country's crude, Reuters has reported. "The two sides agreed for Kurdistan to export 250,000 barrels of oil per day on the condition that the Iraqi government makes payments to the oil companies in Kurdistan," the KRG said. Kurdistan halted shipments of its oil in April in protest over what it said was the central government's failure to pay foreign oil companies, but resumed exports after reaching an initial deal in September. Current KRG shipments are around 140,000 barrels per day and are expected to rise to 200,000 bpd by the end of the year.
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