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September, and then 250,000 bpd during each of October, November and December, in order to ensure Kurdistan’s negotiating position when it comes to discussing the budget for 2020.
Also in June, new Kurdish President Nechir- van Barzani met with Iraqi Prime Minister Adel Abdul Mahdi in Baghdad, agreeing to “resolve outstanding issues based on the constitution and to convene a joint committee next week to nego- tiate oil, the budget, the peshmerga forces and Article 140 of the Iraqi Constitution, concerning a census in Kirkuk”, according to Al Monitor.
The funds have now been deposited in the central bank in Erbil, but SOMO is yet to receive any oil from Kurdish operations, and consid- ering the fractious relationship between the administrations, this is unlikely to be forgotten when the 2020 budget is drawn up.
export updates
This week, the Iraqi Ministry of Oil (MoO) announced that the country’s oil exports
in August averaged 3.603mn bpd, up from 3.556mn bpd in July.
A statement that was reported via MENA FN showed that oil exports from central and south- ern fields totalled 107.5mn barrels during the month, while those from Kirkuk were 3.25mn barrels and qayara exports sat at 928,947 barrels.
Exports from the Baiji refinery to Jordan’s Zawiya refinery under a new 10,000 bpd deal amounted to 3,479 barrels.
Earlier in September, S&P Platts and Wall Street Journal had quoted sources as saying that Riyadh had asked Iraq for up to 20mn barrels of crude to fill the gap cause by the recent attacks in the kingdom.
However, following SOMO’s head of public relations Haidar al-Kaabi saying last week that SOMO “categorically denies any request from the Kingdom of Saudi Arabia to supply it with crude”, Bloomberg quoted the firm’s acting direc- tor-general Alaa Al-Yasiri as confirming that no such order had been received.
Oil and gas assets nad infrastructure in northern Iraq.
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