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Iraq announces Kurdish oil export operations

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Staff Writer | November 18, 2018
The Iraqi government announced that exports from the Kirkuk oil fields belonging to the autonomous region of Kurdistan will resume soon.
Kurdish oil
Asia   50,000 to 100,000 barrels a day
Those operations were paralyzed for a year, due to a confrontation between Baghdad and Erbil authorities.

According to Iraqi Oil Ministry spokesman Asim Jihad, Prime Minister Adel Abdul-Mahdi and the Kurdish regional government agreed to export 50,000 to 100,000 barrels a day.

The federal government and the Kurdish region of Iraq will resume shipments from Kirkuk to an oil pipeline to the Turkish port of Ceyhan, they said. Most Iraqi oil exports come from the south, although Kirkuk in the north has one of the largest and oldest deposits in the Middle East with an estimated nine billion barrels of oil.

Exports have been suspended since the October Iraqi military displaced the Kurdish forces (peshmerga), in retaliation for an independence referendum, with which they aspired to create a sovereign republic.

At that time, shipments from Kirkuk registered about 300,000 barrels per day of crude oil to Turkey and international markets, with a loss of about eight billion dollars in the last year.


 

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