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Tuesday, Sep 24
Iraq asks Kurds to link new oil pipeline to its network
- Iraq's central government is asking the autonomous Kurdish region to connect its new 300K bbl/day oil pipeline to the Kirkuk-Ceyhan pipeline to Turkey in a way that allows for the measurement of crude flows, Iraq's deputy prime minister for energy affairs says.
- Iraqi output is set to rise sharply in coming months with help from new oil fields in the south; the biggest contributor will be the Majnoon field, where Royal Dutch Shell (RDS.A, RDS.B) last week began testing production and output is expected to rise to almost 200K bbl/day before year-end.
- ExxonMobil (XOM), which angered Iraq by signing production-sharing contracts with Kurdistan, is now looking to sell its stake in the West Qurna-1 oil field in southern Iraq, the official says, declining to identify potential buyers.