Iraq/Kurdistan: Iraqi Kurdistan's Oil Pipeline Capacity to Double After Upgrade - Sources
Oct 27, 2014
|
Humeyra Pamuk and Orhan Coskun, Reuters
View Original
Iraqi Kurdistan plans to increase the capacity of its oil pipeline via Turkey to 700,000 barrels per day (bpd) following upgrade work, industry sources and officials said on Monday
It will raise the flow to 400,000 bpd by year-end, from a current 280,000 bpd, adding further pressure to falling world oil prices already hit by rising supply.
The Kurdistan Regional Government (KRG) has quietly pressed ahead with plans to expand oil pumping capacity in the teeth of opposition to its oil exports from the Baghdad government and as it fights Islamic State militants.