Kirkuk exported 3M barrels in January for $162M

Kirkuk's North Oil Company in 2014. Photo: KirkukNow

KirkukNow

Export of Kirkuk oil fields’ has flourished in 2020 as figures by Iraqi ministry of oil shows.

Early 2020, Kirkuk was exporting 1.1 million barrels a month peaked to 3M end of the year being exported to the Turkish Mediterranean port of Ceyhan by a pipeline crossing Kurdistan.

In January 2021, Kirkuk produced 3.052.194 barells of crude oil for $53.294/b, adding about $163 million to Iraq’s national revenues.

From July 2017 to first quarter of 2019, oil exports from the five major oil fields in Kirkuk stopped due to a standoff between the Iraqi government and Kurdistan regional government KRG.

The two major Kirkuk oil fields, Havana and Bai Hassan were under the control of the Kurdistan Regional Government (KRG) which exported 250 thousand barrels of oil per day from the two fields.

Since the withdrawal of Kurdish forces end of 2017 in Kirkuk, the federal government has controlled Kirkuk oil fields which are Havana, Bai Hassan, Khabaza, Jambor and Qubai Baba.

Iraq has exported 2.9m bpd (barell per day) last month, total about 89M barells, generating $4.7 billions, State Oil Marketing Organization SOMO, an Iraqi state body marekting Iraq oil said. The statistics has not revealed any information about Al-Gayarra oil fields in the province of Nineveh

Kirkuk and other disputed areas came under the control of federal government through a military operation which reimposed federal authority and forced Kurdish forces to withdraw from the areas.

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