Kurdistan/Iraq: Idle Pipeline Almost Halves North Iraq February Oil Exports

Mar 7, 2016 | Isabel Coles, Reuters
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Oil exports from northern Iraq nearly halved in February due to the ongoing outage of a pipeline to Turkey, wiping $350 million off the cash-strapped Kurdistan region's revenues as it battles Islamic State. The autonomous region of Iraq is almost entirely dependent on revenue from its exports through the oil pipeline to Turkey, which has been idle for nearly three weeks, reducing flows to an average of 350,067 barrels per day (bpd) last month.