KRG oil exports via Turkey rises 31 in September
Date
10/6/2015 9:49:37 AM
(MENAFN- The Journal Of Turkish Weekly)Erbil's crude oil exports rose to 620000 bpd in September from 473000 bpd in August: KRG's natural resources ministry
he Kurdish Regional Government's (KRG) oil exports through Turkey rose by 31 percent in September compared to the previous month the KRG's Ministry of Natural Resources data revealed Tuesday.
The KRG in Erbil exported 18.6 million barrels of crude oil an average of 620478 barrels per day (bpd) in the month of September through its pipeline to Ceyhan port in southern Turkey.
This amount was 14.6 million barrels of crude oil an average of 472832 bpd in August. However during that month there were nine days of downtime for the pipeline due to sabotage and theft whereas in September there was only two days of downtime.
Thus on a daily basis average crude oil exports from the region to Turkey increased by 31 percent from August to September.
The KRG's ministry of natural resources said in a statement that during September fields operated by the government totaled 13. 8 million barrels of crude or 463285 bpd on average while fields operated by the North Oil Company (NOC) produced 4.7 million barrels of crude an average of 168904 bpd.
In August fields operated by Erbil produced 10.9 million barrels or 353510 bpd on average while fields operated by the North Oil Company (NOC) generated 3.6 million barrels an average of 119322 bpd.
- Issues remain unresolved
Meanwhile the issues between the KRG and the central government in Baghdad remain unresolved over oil sales and shares from the federal budget.
According to a deal between the two sides reached on Dec. 2 2014 Baghdad was to send Erbil a 17 percent share around $17 billion a year from the federal budget. In return Erbil agreed to export 300000 barrels of oil per day from Kirkuk and 250000 barrels of oil per day from northern Iraq under the supervision of Baghdad’s oil marketing company SOMO.
However both sides claimed that the other side had not fulfilled the conditions of the agreement.
Although Erbil had announced in June that it will stop exporting oil through SOMO in August the KRG supplied SOMO in Ceyhan with 1.6 million barrels of crude or an average of 50936 bpd.
However in September the KRG's ministry of natural resources said the government "continued to increase its direct oil sales in Ceyhan to compensate the region for the budget shortfalls from the federal government in Baghdad" and no oil was delivered to SOMO in Ceyhan.
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