Iraq/Kurdistan: Iraq Kurds Tripling Oil Output While Renewing Baghdad Talks
Oct 2, 2014
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Khalid Al-Ansary and Nayla Razzouk, Bloomberg
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Iraq’s Kurds are boosting crude output threefold by the end of next year and plan soon to resume talks with the new central government, signaling that a battlefield partnership against insurgents is helping mend ties.
The Kurds will increase production to 1 million barrels a day by the end of 2015 from a current level of 320,000, said Sherko Jawdat, head of the natural resources committee in the Kurdish region’s parliament. Output will rise to 500,000 barrels a day by year-end, he said in an interview in Erbil, the seat of the Kurdistan Regional Government. Exports are currently 200,000 barrels a day, Jawdat said, without providing a forecast.