Kirkuk Oil Exports Drop

Kirkuk Oil Exports DropKirkuk Oil Exports Drop

Iraq's exports from the Kirkuk oilfield through an export pipeline to Turkey have dropped because of power outages, an official at state-run North Oil Co. said. Exports are currently running at 100,000 barrels per day, compared with 133,000 bpd in October, the official told Reuters. The pipeline delivers crude to Turkish terminal of Ceyhan, on the Mediterranean. It also carries crude produced in fields developed by the Kurdistan Regional Government (KRG), an autonomous region in north Iraq. The second-largest producer of the Organization of Petroleum Exporting Countries, Iraq exports most of its oil through the southern ports, on the Persian Gulf. Total exports for September, including the KRG, were 3.871 million bpd, of which 3.276 million bpd were shipped from the southern ports, according to the last figures published by the nation's state-oil marketer SOMO, in October. North Oil resumed exports through the Kurdish-controlled pipeline in August, after a five-month halt caused by a dispute on oil revenue sharing between Baghdad and the KRG.


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