Iraq’s Kurds See Oil Revenue Drop in Half After Pipeline Attack
- Revenue from crude sales fell to $303.9 million last month
- Exports from Kurdish region via Turkey halted on Feb. 18
This article is for subscribers only.
Oil revenue from Iraq’s self-governing Kurdish region dropped more than half last month after a pipeline used to transport crude through Turkey was attacked, further hurting the cash-strapped enclave’s efforts to battle Islamic State militants.
Revenue dropped to $303.9 million on oil sales of 10.15 million barrels in February, or 350,067 barrels a day, the Kurdistan Regional Government said in a monthly report on Monday. In January, revenue was $650 million on oil sales of 18.66 million barrels, or 601,811 barrels a day.