View Full Version : Iraq’s oil output climbs to record despite fighting

08-12-2015, 04:54 PM

Iraq’s crude production climbed to an all-time high in July with record exports from southern terminals mostly unscathed by Islamic State militants.

New Exports in shipments from the north of Iraq through the port of Ceyhan on Turkey’s Mediterranean coast dipped 50,000 barrels a day to about 520,000 barrels a day, according to the IEA. The drop was due to rising tension between the central government and the self-ruled Kurdish regional authorities in the north over oil payments and after an attack at the end of July on an export pipeline inside Turkey, it said. Exports resumed on Aug. 6.

International oil companies operating KRG’s oil fields have not received revenue from exports since late last year, although they have received some cash for domestic sales, the IEA said.


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