KRG pub­lishes monthly oil ex­port re­port for Jan­uary 2016

The Kurdish Globe - - NEWS -

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.

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