Iraqi Kurdistan Exports About 500.000 Barrels of Oil Per Day

A representative of the Kurdistan Democratic Party in Russia said that Iraqi Kurdistan exports around 500.000 barrels of oil per day.
Iraqi Kurdistan exports around 500.000 barrels of oil per day. a representative of the Kurdistan Democratic Party (KDP) in Russia. Hoshawi Babakr. said at a press conference in the Rossiya Segodnya International News Agency on Friday.
We rely only on our own resources [of replenishing the budget]. which we get from selling oil in a limited way. despite the decrease of oil prices. We are exporting about 500.000 barrels per day. Babakr said.
Iraq and Iraqi Kurdistan. the country`s only autonomous region. are selling oil independently after collapse of a bilateral agreement. under which Kurdistan provided Iraq with at least 250.000 barrels of oil per day and received 17 percent of the overall federal budget.
The region is striving for independence from Iraq and is going to hold a referendum on the issue in either October or November of this year.

About core

Check Also

Oil Market Runs out of Bears in Surge to the Brink of $90

The oil market is running out of sellers in its surge to almost $90 a …

Leave a Reply

Your email address will not be published. Required fields are marked *