KRG publishes monthly oil export report for January 2016
The Kurdistan Regional Government Ministry of Natural Resources recently published the monthly oil export report for January 2016.
The KRG exported an average of 601,811 barrels per day (bpd) and a total of 18,656,131 barrels of crude oil in the month of January. The oil exports were transferred through the Kurdistan pipeline network to the port of Ceyhan in Turkey.
From the total exported amount, oil fields operated by the KRG contributed 14,016,489 barrels, 452,145 bpd on average, while fields operated by the North Oil Company (NOC) contrib- uted 4,639,642 barrels—an average of 149,666 bpd.
“Due to circumstances beyond the KRG’s control, during January there was one day of downtime for the export pipeline,” said the report.
In December 2015, the Ministry’s oil exportation through the Kurdistan pipeline network to the Ceyhan port in Turkey reached an average of 584,056 bpd and a total of 18,105,734 barrels of crude oil.
In November 2015, a Ministry representative said the KRG continued to increase independent oil sales in Ceyhan to “compensate for the budget shortfalls from the federal government in Baghdad.”
Iraqi Oil Ministry Spokesman Assim Jihad said on Nov. 1 that Baghdad ceased oil transfers to Turkey’s Ceyhan port in October, citing the KRG’s failure to commit to an oil agreement signed by the two sides in December 2014.
Authorities reached the December deal in an effort to end a nearly year-long dispute over oil revenue sharing and budget payments to Erbil, though each side repeatedly accused the other of failing to abide by the terms.