KRG Publishes the Monthly Export Report for May 2015
The Kurdistan Regional Government today publishes the Monthly Export Report for May 2015.
The Kurdistan Regional Government (KRG) exported 17,906,242 barrels of crude oil (an average of 577,621 barrels per day (bpd)) in the month of May through the Kurdistan pipeline network to the port of Ceyhan in Turkey.
Of this amount, fields operated by the KRG contributed 12,620,452 barrels (407,111 bpd on average), while fields operated by the North Oil Company (NOC) contributed 5,285,790 barrels (an average of 170,509 bpd).
In May, the KRG supplied SOMO in Ceyhan with 13,915,549 barrels (average of 448,889 bpd), including 1,344,196 barrels that were delivered to SOMO in April but not acknowledged.
Due to circumstances beyond the KRG’s control, there were 80 hours of downtime for the export pipeline during May. Taking such outages into consideration, the KRG delivered an average of 502,911 bpd to SOMO.
The KRG remains on track to meet its oil export commitments under the 2015 federal Budget and is pleased that KRG export volumes, already at record levels, continue to increase.