Kurdistan Oil Output Reaches 230,000 bpd After Drone Attacks
The Kurdistan Regional Government has announced that its oil production has reached 230,000 barrels per day after a period of drone attacks. All oil fields have been brought back online except for Sarsang, which suffered damage from multiple drone hits and remains offline.
Kamal Mohammed, the Minister of Natural Resources, stated that every operator is now back at work and all fields are producing again apart from Sarsang. Output currently sits between 220,000 and 230,000 barrels per day, with a portion allocated for local use.
The Kurdistan region has faced severe disruption due to the regional war, which erupted on February 28. Prior to the conflict, Iraq's exports averaged around 3.4 million barrels per day, but those figures collapsed once fighting began. Since early August, shipments have climbed back to an average of about 2 million barrels per day.
The Kurdistan government is also emphasizing the need to expand refining capacity within the region. Current refining output stands at just 50,000 barrels per day, whereas local consumption demands reach 140,000 barrels per day. If Baghdad prices the oil it supplies to Kurdistan at $4 per barrel, petrol could be sold for 450 dinars per litre.