• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 27 mins Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 37 mins Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 2 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 3 hours Is $60/Bbl WTI still considered a break even for Shale Oil
  • 5 mins Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 5 hours Asia Oil Refiners Mull Run Cuts With Margins At 16 yrs. Low For Season
  • 9 hours Devastating Sanctions: Iran and Venezuela hurting
  • 4 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 4 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 4 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 1 min Prosecutors Fine Bosch 90 Million Euros For Emissions Cheating Role
  • 4 hours ARAMCO BOARD: Former Dow Chemical CEO Andrew Liveris: I want to help Saudi Arabia become a 21st century economy
  • 5 hours IMO 2020 could create fierce competition for scarce water resources
Oil Tanks On Worst Day In Six Months

Oil Tanks On Worst Day In Six Months

Oil prices plummeted on Thursday,…

After Brief Interruption, Oil Begins To Flow From Kirkuk

Iraq Oil

Crude oil is once again flowing from the fields around Kirkuk, after an interruption that lasted for several hours, as security forces searched the area for bombs, said to have been planted by the Islamic State. This is what sources from the shipping industry told Reuters.

Hours earlier, sources from the Kurdish security service said the oil flow to Turkey’s Ceyhan port had stopped. An executive from the North Oil Company – a Baghdad-controlled state firm – said that the pipeline that pumped crude from the Kirkuk fields to Ceyhan transported some 120,000 barrels daily before the stoppage, although its usual daily throughput was 150,000 barrels.

Oil from the Kirkuk fields has become a bone of contention between the central government in Baghdad and the Kurdistan Autonomous Government, which controls Kirkuk. Last year, the oil flow from the northern fields was suspended for several months while Baghdad and Erbil argued over the distribution of oil revenues.

Meanwhile, earlier today Kurdish media Rudaw reported that Kurdish security forces had entered the offices of NOC in Kirkuk, “to show Baghdad that Kirkuk’s oil is for its people,” as the source quoted a Kurdish politician from the Patriotic Union of Kurdistan.

The official went on to say that the operation was prompted by Baghdad’s intention to divert oil from Kirkuk from the pipeline to Ceyhan and export it via other terminals. The Kurdish security forces took control over a pump station storing oil from the local oil fields. According to the PUK official, Aso Mamand, Baghdad has a week to change its mind about taking Kirkuk oil to the rest of Iraq.

An official from the ruling Kurdish Democratic Party, the party in power, said the operation was organized and carried out by the PUK unilaterally, implying the government in Erbil had not authorized it.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News