Kirkuk exported 29.5 million barrels for 3 billion dollars in 2022

Kirkuk, 2014: The state-run North Oil Company supervising the oil wells in Kirkuk. KirkukNow

By KirkukNow

Crude oil exports from the oil fields of Kirkuk Northern Province through pipelines and tanks during the past year amounted to more than 29.5 million barrels generating about three billion American dollars.

According to the statistics of the Iraqi Ministry of Oil and the State Oil Marketing Organization (SOMO), in 2022 the total crude oil exports from the Kirkuk fields to the Turkish port of Ceyhan through pipelines reached 27,001,511 barrels.

Revenues for crude oil exported through oil pipelines during 2022 were estimated at almost 2.63 billion dollars.

During nine months of 2022, 2. 445 million barrels were exported to Jordan via tanks, with revenues of 204 million dollars.

Kirkuk oil exports declined in 2022, but revenues increased compared to the previous year, as the total exports in 2021 were more than 35 million barrels, with revenues amounting to more than 2.374 billion dollars.

As for the year 2020, the total exports reached 33 million barrels, with revenues 1.2 billion dollars, while in 2019, the amount of oil exports from the Kirkuk fields reached more than 33 million barrels, with revenues amounting to 2.33 billion dollars.

Crude oil exports from Kirkuk fields to Turkey and Jordan during the month of October amounted to 2.5 million barrels, with revenues exceeding 236 million American Dollars USD.

This comes while crude oil exports from Kirkuk fields to Turkey last September reached 2.2 million barrels, with a total revenue of $182 million, in addition to the export of 150,552 barrels via tankers to Jordan, with revenues of 11 million. dollar.

The volume of Kirkuk's oil exports and revenues nearly dropped by half in August, the lowest in 2022, when the exports dropped to 1.1 million barrels, with total revenues of more than $100 million, while during July it has pumped 2.35 barrels, earning more than $ 240 million. Hieghest exports was in May when 3.356 million barrels were marketed. The highest revenues of Kirkuk oil was in June, with more than $378 million, while the lowest was in August, with $101.38 million.

Kirkuk hit peak of its production in February 2021 when it has pumped 3,8 million barrels for $213M, the highest production capacity in 2021 while the lowest was in November when it has dropped to two million barrels only with 150 million USD revenues.

There are five main crude oil producing fields in Kirkuk province; Avana, Bay Hassan, Baba Dome, Jambur and Khabaza, under the control of the Iraqi Government’s North Oil Company.

Kirkuk, Iraq’s second largest reserves, located 238 kilometers north of Baghdad, is an ethnically mixed province for 1,7 million Arabs, Kurds and Turkmens. It has long been at the center of disputed territories between Baghdad and the Erbil.

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