The northern oil rich city of Kirkuk has produced only three million barrels last March generating $195 million American Dollars for Iraq's national revenues while in February it pumped 3.8 for $213M, Iraqi ministry of oil said.
Iraq has pumped 91.3 million barrels for $5.8 billions in March 2021 compared to 83 M barrels for 5 billions in February. Iraqi oil was marketed for $63 per barrel in March while in February made only $56.
Early 2020, Kirkuk was exporting only 1.1 million barrels a month peaked to almost 4M last February exported to the Turkish Mediterranean port of Ceyhan by a pipeline crossing Iraqi Kurdistan.
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 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 managed by state-run North Oil Company.
Iraq's economy heavily relies on the exports of crude oil which makes over 95% of the country's total revenues.
