Iraqi Kurdistan oil output surges in September

12 October 2016

Increase thought to be driven by restart of Bai Hassan facilities

Oil production under Iraq’s Kurdistan Regional Government (KRG) increased by 37 per cent in September, driven by the restart of the Bai Hassan facilities.

The KRG, which governs Iraq’s northern Kurdish enclave, produced an average of 564,808 barrels a day (b/d) in September, compared with 411,727 million b/d in August, according to official data.

The KRG has been bringing Bai Hassan in Kirkuk back on stream after it was attacked by the jihadist group Islamic State in Iraq and Syria (Isis) on 31 July, killing five people.

Oil was sold by the KRG in September for an average price of $36.1 a barrel, bringing in a total net income of $327.6m for the month.

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