Iraq oil exports steady in October

16 Nov 2014

(MENAFN) Iraq’s current southern oil output and export levels have remained steady despite the political unrest which is happening in the country, with an average of three million barrels per day (bpd) of production, Gulf Daily News reported.

Both the government of Iraq and the semi-independent region of Kurdistan, which last week signed a deal to ease tensions over Kurdish oil exports and civil service payments from Baghdad, said that this new agreement will help double Iraqi oil output.

Under the agreement, Iraqi Kurdistan will give 150,000 bpd of its oil exports, which is equal to around half its overall shipments, to the federal budget.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.