Kurdistan: Kurdish Oil Production Seen Doubling Next Year by Goldman Sachs

Jul 30, 2014 | Grant Smith and Claudia Carpenter, Bloomberg Businessweek
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Iraq’s semi-autonomous Kurds, sparring with the nation’s central government over their right to export crude, may almost double oil production next year and triple it this decade, Goldman Sachs Group Inc. said.

The Kurdistan Regional Government could bolster output to about 540,000 barrels a day by the end of 2015 if it can expand pipeline capacity and surmount marketing constraints, analysts including New York-based Head of Commodities Research Jeff Currie said in a report yesterday. The KRG and authorities in Baghdad have clashed over the Kurds’ attempts to sell oil independently, including over a tanker currently anchored off Galveston, Texas.