Complex Made Simple

Kurdistan region’s November crude oil exports north of 18 mb

Due to circumstances beyond the KRG’s control, there were 2 days of downtime for the export pipeline in November

The Kurdistan Regional Government (KRG) has published a report in which it revealed it exported 18.023 million barrels of crude oil (an average of 600,769 barrels per day (bpd)) in November through the Kurdistan pipeline network to the port of Ceyhan in Turkey.

The region’s ministry of natural resources said fields operated by the KRG contributed 13.023 million 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).

In statement published by the ministry, it said that due to circumstances beyond the KRG’s control, there were 2 days of downtime for the export pipeline in November, caused mainly by attempts at sabotage and theft within Turkey.

However, 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 statement said that the KRG will continue to work with the Iraqi 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.