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Northern Iraq's oil exports rise above 600K b/d

Oil

Northern Iraqi crude oil exports via pipeline to Turkey increased by 5K b/d m-o-m to average 601K b/d, Reuters reports, citing the Kurdistan region's Ministry of Natural Resources. Northern Iraqi crude oil exports have steadily increased in 2015 but the share of these which are exported independent of Iraq's state oil marketing organisation (SOMO) has fallen to zero as the Kurdistan Regional Government raised its independent sales following the renewal of a dispute over budget payments and export rights.