• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 12 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 11 hours Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 15 hours Did China cherry-pick the factors that affected the economic slow-down?
  • 17 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 16 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 3 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 4 days Nord Stream - US/German consultations
  • 410 days Class Act: Bet You've Never Seen A President Do This.
  • 6 days An Indian Opinion on What is Going on in China
  • 6 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 3 days Forecasts for Natural Gas
  • 3 days Australia sues Neoen for lack of power from its Tesla battery
  • 6 days Storage of gas cylinders

Iraq Resumes Kirkuk Oil Exports A Year After Halt

Iraq resumed on Friday oil exports from the Kirkuk province, a year after it had stopped oil flows from the area due to a dispute with the semi-autonomous Kurdistan region, industry sources told Reuters on Friday.

Around 300,000 bpd of crude oil previously pumped and exported in the Kirkuk province to the Turkish port of Ceyhan were shut in when the Iraqi federal government moved in October last year to take control over the oil fields in Kirkuk from Kurdish forces after the semi-autonomous region held a referendum that Baghdad didn’t recognize. However, the only export outlet of the Kirkuk oil is the oil pipeline of the Kurdistan Regional Government (KRG).  

The Iraqi federal government and the KRG have been in talks for months to try to reach an agreement on resuming Iraqi exports from Kirkuk. Last week, three people close to the talks told the Financial Times that a deal is close and could be reached as early as this month.

Industry sources told Reuters that oil exports from Kirkuk resumed on Friday, with flows at 50,000 bpd-60,000 bpd. It was not immediately clear when oil flows could be boosted and by how much, according to the sources.

The KRG said earlier this month that it had recently upgraded its oil export pipeline, boosting its capacity to 1 million bpd from 700,000 bpd, to accommodate future production growth from the region.

“This extra capacity will accommodate future production growth from KRG producing fields, and can also be used by the federal government to export the currently stranded oil in Kirkuk and surrounding areas,” KRG’s ministry of natural resources said in early November—a sign that a deal with the federal government may be coming soon.

Thamer Ghadhban, the new Iraqi oil minister, said at the end of last month that Iraq’s federal government “will work to overcome all obstacles” regarding the resumption of oil exports through the Kurdistan region.

The resumption of Iraqi exports from Kirkuk is also a win for the U.S. which has been prompting Iraq and Kurdistan to reach a deal on exports, to help replace Iranian oil with more Iraqi exports. U.S. Secretary of Energy Rick Perry said in September that Iraq alone could add 300,000 bpd of oil to global supply if it allowed Kirkuk oil to reach international markets.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News