• 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
  • 9 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.
  • 1 hour Why is Strait of Hormuz the World's Most Important Oil Artery
  • 45 mins Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 13 hours Struggle For Supremacy: Kremlin Condemns Alleged U.S. Ultimatum To Turkey Over Missile Deal
  • 6 hours Apple Bid To Buy Tesla in 2013 For $240 a Share
  • 10 hours Another surprise 'build'
  • 18 hours Solar Cheaper than Coal
  • 10 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 8 hours California's Oil Industry Collapses Despite Shale Boom
  • 10 hours IMO2020 To scrub or not to scrub
  • 10 hours IMO 2020 could create fierce competition for scarce water resources
  • 14 hours Compensation For A Trade War: Argentina’s Financial Crisis Creates An Opportunity For China
  • 11 hours Global Warming Making The Rich Richer
OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ is reportedly considering increasing…

The Overlooked Factor That Could Send Oil To $50

The Overlooked Factor That Could Send Oil To $50

Oil markets have enjoyed a…

Kurdistan Resumes Oil Exports After Pipeline Maintenance

Pipeline

The semi-autonomous Kurdistan Regional Government (KRG) resumed on Wednesday crude oil exports via the Kirkuk-Ceyhan pipeline to the Turkish Mediterranean coast, following a three-day planned maintenance on the Turkish side, KRG’s Ministry of Natural Resources said on Twitter today.

“Export restart is a gradual process and so full export volume levels are expected by tonight,” the ministry further noted.

Dilshad Shaaban, deputy head of the natural resources committee in Kurdistan’s parliament, confirmed to Kurdish media network Rudaw that exports were expected to reach their normal rate of 600,000 bpd by the local evening hours.

On Monday, a Turkish official said that required maintenance on oil pipelines connecting Kurdistan to Turkey would bring the facilities offline for three days. Kurdish oil revenues were expected to be set back by $23 million a day due to the closure.

KRG’s Ministry of Natural Resources said on Monday that oil flows to Ceyhan were temporarily halted for planned maintenance. The maintenance work was initially due to be carried out in March, but Turkish company Botas and the Kurdish ministry had agreed to defer the start of works until April 10, for 2-3 days of maintenance. At the same time, Iraq’s North Oil Company (NOC) took the opportunity to repair a technical problem with the Kirkuk pipeline to “minimize overall disruption to flows,” the KRG’s Ministry of Natural Resources said.

Related: Will Summer Bring $60 Oil?

In August last year, the central Iraqi government and the KRG resolved a dispute over the shipment of oil via the Ceyhan pipeline from the Kirkuk fields operated by the central government’s North Oil Company. But the shaky Iraqi politics, the ISIS threat that has not been completely erased, and the generally restive region are currently deterring foreign oil companies from betting big on the Kurdish oil fields, which offer low-cost production.

By Tsvetana Paraskova 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