Iraq: Kurdish Oil Flows To Turkey Resume

12 Mar 2016   Iraq, Turkey

Oil flows from Iraqi Kurdistan to Turkey’s port of Ceyhan have resumed after a three-week outage, Reuters reported March 11. According to the Kurdish Ministry of Natural Resources, the disruption cut the region’s February oil exports in half. Oil exports fell to an average of just over 350,000 barrels per day, generating about $304 million for the month — not even half of the $760 million the Kurdistan Regional Government needs to cover its swollen public sector . Stratfor provides global awareness and guidance to individuals, governments and businesses around the world. We use a unique, intel-based approach to analyze world affairs. Copyright © 2016 Stratfor Global Intelligence, All rights reserved. Our mailing address is: P.O. Box 92529 – Austin, Texas 78709-2529, USA unsubscribe from this list update subscription preferences | forward email

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