Iraq/Kurdistan: Iraqi Kurds Say Keeping Their Side of Baghdad Oil Deal

Mar 9, 2015 | Isabel Coles, Reuters
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Iraqi Kurdistan said Monday it is on course to keep its side of an oil export deal reached with Baghdad in December, as loadings from the region reached the highest since it was struck. By the end of February, the Kurdistan Regional Government (KRG) had supplied almost 97 percent of the crude oil it agreed to hand over to Iraq's State Oil Marketing Organization (SOMO) during that period, according to a statement from the Kurdish Ministry of Natural Resources. Loading data from the Turkish port of Ceyhan on Monday showed exports from northern Iraq are set to reach 400,000 barrels per day (bpd) for the first time since the agreement was struck, from an average of 350,000 bpd over the past week and some 275,000-300,000 in February and January.