Iraqi Kurdistan oil production drops 10 per cent in August

06 September 2016

Restart of Bai Hassan facilities expected to increase output in coming months

Oil production by Iraq’s Kurdistan Regional Government (KRG) continued to fall in August, but is expected to increase as the Bai Hassan facilities come back onstream.

The Kurdish region of northern Iraq sold an average of 411,727 barrels a day (b/d) of crude to the Turkish port of Ceyhan in August, down 10 per cent from the 457,314 b/d sold in July.

Production was halted at Bai Hassan in Kirkuk after the jihadist group Islamic State in Iraq and Syria (Isis) attacked facilities on 31 July, killing five people. The KRG is reportedly in the process of bringing the oil field back on stream.

The KRG received total net income of $349.9m from oil sales in August, with an average price of $32.44 a barrel.

Gas production increased by 1.6 per cent to an average of 311.6 million cubic feet a day (cf/d) during August.

According to reports, the KRG has reached an agreement with Baghdad to resume exports from the Baba Gorgor, Jambour and Khabbaz fields in Kirkuk. This will enable Iraq to increase exports through the Ceyhan pipeline by an estimated 150,000 b/d.

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