Kurdistan oil revenue rebounds despite export dip

Even with higher oil prices and advance payments from oil traders, revenues still fall short of KRG budget needs.
Loading arms at the terminal for Iraqi crude exports at the Turkish port of Ceyhan. (STAFF/Iraq Oil Report)

Kurdistan bucked a four-month streak of falling oil revenues in October, although the government still did not generate enough cash to meet its full payroll obligations.

Iraq's autonomous Kurdistan Regional Government (KRG) exported $636.4 million worth of oil, up from $611.8 million in September, according to the KRG Ministry of Natural Resources (MNR).

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