Iraqi Kurdistan oil exports plunge

09 March 2016

Export pipeline remains out of service after attack in February

Oil exports from Iraqi Kurdistan plunged in February after an attack on the pipeline that transports crude to the Turkish oil and gas terminal in Ceyhan.

Over the month exports averaged at 350,067 barrels a day (b/d), down from an average of 601,811 b/d in January.

Exports were interrupted on 16 February by an attack on the pipeline near the city of Urfra.

The attack saw daily exports decline from 618,878 barrels on 15 February to zero on 18 February.

There have been no further exports via the pipeline since 18 February.

The attack on the pipeline is a severe financial blow to Iraqi Kurdistan, which is already struggling with an acute economic crisis.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications