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ERBIL, Kurdistan Region—The Kurdistan Regional Government’s (KRG) Ministry of Natural Resources (MNR), published on Monday its monthly oil production and export revenue for August 2016.According to the MNR’s statement they exported an average 411,727 barrels daily, with a monthly total of 12,763,566 barrels.“The gross value from the sold crude oil is $413,994,993, but due to payments and expenses of the MNR, the net income received is $349.9 million,” the ministry confirmed.“This income plus other income generated locally by MNR, was used to fund August salaries of KRG employees.”KRG crude oil was sold for an average of $32.44 per barrel in August, which is on average about 10 dollars less than the international oil market price.Dilshad Shaaban, deputy head of the energy and industry committee in the Kurdish parliament told Rudaw that Kurdish oil fetches a lower price because it is of lower quality.Under the new agreement between Erbil and Baghdad, oil exports for September should increase to 575,000 barrels per day, 75,000 of which will be Kirkuk’s product.