Oil Minister Adel Abdel Mehdi speaks during a news conference at Rumaila oilfield in Basra, southeast of Baghdad December 17, 2014. REUTERS/Essam Al-Sudani
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Iraq's Kurdish region will continue to export its own crude oil under an initial deal with Baghdad until a comprehensive deal is reached, with work on a final agreement expected to start within weeks, Iraqi oil minister Adel Abdel Mehdi said Monday.Under the deal, Kurdish fields would export 250,000 barrels per day through Iraq's state oil marketing organisation (SOMO), while an additional 300,000 bpd from the Iraqi area of Kirkuk would be exported via a pipeline running through Kurdish territory.The minister said Iraq now produced around 3.2 million bpd in the south of the country and expected this to rise about 100,000 or 200,000 bpd next year.That would bring total crude oil production by Iraq, after its export agreement with the Kurdish region, to 4 million bpd in 2015 .
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