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Kurdistan Regional Government (KRG) Has Exported 19 million barrels of oil per day in Last 76 Days

According to North Oil Company (NOC) statement on 29th March 2016, this amount has accounted for 65% of Iraqi Kurdistan's total oil exports.

In the last 76 days, the Kurdistan Regional Government (KRG) has exported approximately 19 million barrels of oil per day from Kirkurk oil fields. According to North Oil Company (NOC) statement on 29th March 2016, this amount has accounted for 65% of Iraqi Kurdistan's total oil exports.  Farhad Hamza Mohammed, an engineer from NOC released a written statement: “Kirkuk-KRG oil exports in 76 days,” saying about 10 million barrels of oil has been transferred from the Kurdistan Region’s oil fields. Since the beginning of 2016 until the cessation of oil exports on demand of the Turkish government in February 17, 2016, about 29 million barrels of oil have been exported via the Kurdistan Region’s pipeline from Kirkuk and the region’s oil fields, which total 604,000 bpd,” the statement read. 7 million out of the 29 million barrels were exported through North Oil Company Kirkurk oil fields, according to Mohammed. 12 million barrels were exported from Kurdistan's Bay Hasan and Avana oil fields; both of which have exported around 260,000 barrels per day, as recently stated by Mohammed. “More than 19 million barrels of oil have been exported from Kirkuk in a 48 day period, which means 65 percent of the region’s oil exports are from Kirkuk,” Mohammed said, adding, “10 million barrels of oil have been exported from the Kurdistan Region’s oil fields.This data shows the KRG has exported less than 210,000 bpd from its oil fields via the pipeline. Following the restart of the KRG’s oil flow in March 11, 2016 the NOC resumed oil exports for some hours transferring around 42,000 barrels of oil, but following a decision by the Iraqi Oil Ministry, oil transfers from Kirkuk have been suspended, although oil exports from Bay Hasan, Avana oil fields have resumed,” Mohammed added.

 

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