Industrialized Cyclist Notepad


Kurdish oil in the balance

As Iraqi production reportedly tops 3 mbd.

Exploration in northern Iraq has been held back in part by disputes between the central government and the autonomous Kurdish region over control of fields in Kurdish provinces.

The central government says it alone has the right to export Iraqi oil, and adds that deals signed by foreign firms with the Kurdish regional authorities, such as one announced by ExxonMobil, are illegal.

Luaibi repeated earlier remarks by Iraqi officials that an announcement on the Exxon deal would be made soon.

Luaibi said Iraq’s central authorities had received only 65,000 bpd of oil – less than half the 175,000 bpd they had expected – from the Kurdish region since the start of the year.

The central authorities say they suspect that missing Kurdish oil is being illegally exported abroad

via UPDATE 1-Iraq oil output over 3 mln bpd; first time in decades | Reuters.