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Home International Customs

KRG oil shipments, revenue fall in August

byCT Report
06/09/2016
in International Customs, Iraq
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BAGHDAD: The Kurdistan Regional Government’s (KRG) oil exports and revenues fell month-on-month again in August due to an attack on a key oil field, though a new political deal to split federally-controlled Kirkuk oil will give the autonomous region a welcome cash boost.

The KRG still needs to meet ambitious terms given to oil traders to sell the crude as well as keep up payments to oil companies developing the fields.

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