Tuesday, February 16, 2016

Federal Oil Ministry includes KRG exports in January figures

Something is different. The Federal Oil Ministry today included oil produced and exported by the KRG via Ceyhan in it's production and export figures for January. The addition brought the total production figure to a nice and juicy 4,775,000 bpd! This was not the case in previous statements since the collapse of the last oil/budget agreement. Last month's statement, for example, stated that: "Oil exports via Ceyhan port are suspended because the agreed amounts have not been delivered by the Kurdistan Region Government"

Could this mean that a new deal has been struck? Or is Baghdad just messing with Erbil?

No comments:

Post a Comment