Kurdistan raise the size of its oil exports to 700 thousand barrels per day
23 Sep 2015

Erbil detect economic security adviser in the Kurdistan Regional Government Bioar Khansa, Wednesday, for the lifting of the Kurdistan region the size of its oil exports to 700 thousand barrels per day, noting that the Government of the Territory is trying to increase its oil production to 900 thousand barrels by the end of 2015. He said Khansa "The Kurdistan Regional Government began the export of 700 thousand barrels of oil a day to world markets," noting that "raise oil production source came because of the financial pressure on Kurdistan." He explained Khansa that "the region is suffering from a major financial crisis because of the lack of fulfillment of Baghdad to pay Kurdistan's share of the budget year 2015, as well as the presence of a large number of displaced persons and refugees in the region ", pointing at the same time that the" war against al Daash costs also constitute a burden on the Government of the Territory ".

He added Khansa that "the region will increase the size of its production to 900 000 barrels of oil per day by the end of the year 2015," explaining that "the region is trying through this plan staff salaries amounting to guarantee $ 750 million a month, and it will pay a share of its imports as receivables for companies operating in the oil sector." and it announced that the Kurdistan Regional Government, in August 2015, the export of 14,000,657 thousand and 798 barrels of crude oil through the Turkish port of Ceyhan during the month of August 2015, indicating that it was delivered 1,000,356 thousand and 277 barrels of oil exported to SOMO.

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