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Kurdish exports slide to 75K bpd

Dow Jones Newswires reports:

Iraq's crude oil exports from the northern Kurdistan region have dropped to 75,000 barrels a day from the 175,000 barrels a day originally agreed between the central government in Baghdad and the Kurdistan Regional Government, or KRG, on payment issues, Iraqi and Kurdish officials said Monday.

The KRG has started since last year pumping crude oil via the Iraq-Turkey export pipeline to the Mediterranean port of Ceyhan in Turkey. In June 2011 Kurdish oil exports went up as high as 175,000 barrels a day but since then they have been declining because of problems related to Baghdad's payment to the KRG for the sold Kurdish crude oil.

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