Iraq’s revenues fell steeply, as the mid-month resumption of Kirkuk oil sales via Turkey was not enough to offset southern export disruptions and sinking oil prices. Nationwide exports fell by an average 85,000 barrels per day (bpd) in November, coinciding with a significant drop in global oil prices, despite an otherwise upbeat month that saw a restart of Kirkuk oil flows to Turkey . For the first time in more than a year, Iraq’s federal government pumped oil northward to Turkey’s Kirikkale refinery, and the Kurdistan Regional Government (KRG) saw a slight increase in exports as well. But those gains were more than offset by a 3 percent drop in exports via the Basra Gulf, from 3.478 million barrels per day (bpd) in October to 3.363 million bpd in November.