Record exports as KRG cuts oil

The KRG has stopped sending oil through Baghdad's pipelines, but Iraq's record exports in the south could offset that loss.
Tankers dock at the Al-Basra Oil Terminal. (BEN LANDO/Iraq Oil Report)

BAGHDAD - Iraq's semi-autonomous Kurdistan region cut off its crude exports Sunday over accusations that Baghdad has broken an agreement to split revenues, ending more than a year of tenuous cooperation with the central government.

The Kurdistan Regional Government (KRG) announced its decision on the same day Iraq's federal Oil Ministry said it had exported a landmark 2.316 million barrels per day (bpd) in March -- the most prolific month since 1990.

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