US EditionIraq resumes Kirkuk crude exports via Ceyhan after Baghdad-KRG deal
The Kirkuk–Ceyhan pipeline, shut since 2014, will restart with initial exports of up to 250,000 barrels per day to offset losses from the disrupted Strait of Hormuz route.
- Iraq is revamping sections of the Kirkuk-Ceyhan pipeline network to allow direct crude oil exports from Kirkuk to Turkey without relying on infrastructure controlled by the Kurdistan Regional Government .
- Iraq's Oil Minister Hayan Abdul-Ghani said the Iraqi-Turkish pipeline capable of carrying 200,000 to 250,000 barrels per day is undergoing final testing and could begin exporting oil directly from Kirkuk to Turkey within about a week.
- Baghdad has sought to use the Kurdistan pipeline as a temporary route for crude flows but said the Kurdistan Regional Government had set arbitrary conditions for its use, warning it may take legal action if exports are blocked.
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The North Oil Company added that oil exports from Kirkuk will resume with an initial capacity of 250,000 barrels per day
Oil prices hold steady even as Iraq resumes some exports via Turkey
By Hanna Ziady, CNN London (CNN) — Oil prices held steady Wednesday after Iraq clinched a deal to resume some crude exports via Turkey. It’s not a ton of oil, but it’s what amounts for good news these days as the Strait of Hormuz remains largely blocked. Brent crude, the global oil benchmark, traded modestly higher at $103.7 a barrel. WTI, the US benchmark, dropped 1.5% to just shy of $95 a barrel. Crude exports from Iraq’s Kirkuk oil fields are…
Observador
sabado.ptAt 0630 hours in Lisbon, Brent oil fell by 2,41%, accounting for $100.93 per barrel. The reason for the oil drop is due to an agreement between Kurdistan and Iraq.
On March 18, oil prices fell more than $2 per barrel on Wednesday, partially offsetting a sharp rise on Tuesday after the Iraqi government and Kurdish authorities reached an agreement to resume oil exports through the Turkish port of Ceyhan.
charter97.org
rbc.uaIs oil prices stabilizing?
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