Report: oil production, profits stable in Iraqi Kurdistan
There have been a series of notable energy developments in Iraq recently.
The American consultancy firm Deloitte has released its quarterly assessment of the oil sector in Iraqi Kurdistan.
The Kurdistan Region’s oil fields yielded a net of more than 37 million barrels of oil in the fourth quarter of 2021. The barrels sold at an average price of $68.43 a barrel, according to Deloitte’s report.
The report is dated March 17, but the Kurdistan Regional Government released it yesterday.
These figures are similar to the third quarter of 2021. The Kurdistan Region produced more than 38 million barrels of oil during that time frame at an average price of $62.87 a barrel, according to Deloitte.
