Iraq Hikes 2015 Export Projections, Includes Kirkuk, KRG Oil

Iraq plans 500,000 b/d of ‘northern’ exports next year, a combination of Kirkuk and KRG volumes. But, while southern output capacity is up strongly, export volumes continue to be hampered by decrepit infrastructure.

Iraq has penciled in 3.2mn b/d of oil exports, to include Kurdish and Kirkuk oil, in its 2015 draft budget, Iraqi Oil Minister ‘Adil ‘Abd al-Mahdi says. The inclusion of oil produced from...