Iraq’s Kurdistan Regional Government (KRG) is exporting 400,000 b/d of crude oil and plans to raise volumes to 500,000 b/d over the coming months. It will also export 300,000 b/d via its territory on behalf of the federal government in Baghdad, the KRG’s Minister of Natural Resources Ashti Hawrami says.
Mr Hawrami announced the KRG’s export plans at the CWC Kurdistan Oil and Gas Conference in London on 17 December, an event that was packed with oil executives from companies, either active in the semi-autonomous region, or from potential investors eying the nine licenses up for grabs in one of the world’s most active exploration frontiers. (CONTINUED - 1681 WORDS)
