New Kurdish oil exports from Turkish port

Dubai: The Kurdistan Regional Government (KRG) has begun exporting oil from wells in the Kirkuk Field, Iraqi Kurdistan, via pipeline to Turkey’s Ceyhan Port.

Exports currently total 150,000 bpd and are being marketed through Iraq’s state-owned oil company, SOMO. Revenues are being transferred directly to the Iraqi central bank in Baghdad.

The oil fields of Zumar and Ain Zala, in Kurdistan’s Mosul province, will also be connected to Kurdistan’s pipeline in the near future. A project to link them is on-going and is around 80% complete, official KRG sources told press. [1/12/14]
 

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