Crude Exports from KRG Inch Higher to 300K b/d

Crude Exports from KRG Inch Higher to 300K b/d

Oil exports from the Kurdish Regional Government (KRG) rose to 300,000 barrels per day (b/d) on Tuesday, Reuters reports.

The rise represents a modest increase from the last week’s range of 200,000 to 250,000 b/d, but still falls far short of the 600,000 b/d exported via the KRG pipeline prior to Iraq’s seizure of the Kirkuk oilfields, according to Reuters.

The government has stated its determination to revive production from Kirkuk, Reuters previously reported.

The government initiated a campaign last week to seize territory held by the KRG outside its legally recognized boundaries.

The government has recovered considerable territory, including the key Kirkuk oilfields, as the Kurdish forces have largely withdrawn peacefully in the face of the Iraqi advance, according to Reuters.

Sporadic fighting has broken out and still continues, however, between Kurdish forces and Shia militias aligned with the government, the news agency notes.

Iraqi forces, reportedly, have been massing northwest of Mosul, close to the KRG pipeline to Turkey and important border crossings to Turkey and Syria, according to Reuters.

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