KRG receives payment for first independently exported oil
Kurdistan Region of Iraq Markets in the Mediterranean are reported to be the buyers of the crude oil produced from the Taq Taq and Tawke fields in the Kurdistan Region of Iraq. Yıldız also confirmed that a third tanker carrying KRG crude has departed from Ceyhan and that a fourth cargo is in the process of loading.
While a violent insurgency swells in central Iraq, the KRG remains stable and is working to boost export volumes throughout the year. The operators of the region’s primary producing fields, Anglo-Turkish Genel Energy at the Taq Taq field and Norwegian oil company DNO at the Tawke field, expect production capacity to reach 200,000 bopd at their respective fields within the year.
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