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Iraq’s oil exports expected to rise after Kirkuk deal

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/08/2016 (14:02)
According to media reports, Iraq’s oil exports are expected to increase by about 150,000 barrels of oil per day (bpd) following a deal to resume shipments from three oil fields, Baba Gorgor, Jambour and Khabbaz fields. The three oil fields are operated by the state-run Northern Oil Co. (NOC); however, their export pipeline is controlled by the semi-autonomous Kurdistan Regional Government.

In March, oil shipments from these oil fields had been halted due to a payment dispute with the Kurdistan Regional Government.

Iraq’s oil exports were reported at 3.71 million bpd in July while the country produced around 4.78 million bpd during the same period, according to data released by International Energy Agency.
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