Weekend news - Iraq and Kurdistan resume oil exports after a two-year halt ...Middle East

A joint Iraqi and Turkish technical team are conducting final inspections of the Iraq-Turkey pipeline, with a decision on its operational status expected within 24 hours for shipments to Turkey’s Ceyhan port.

Iraq’s Oil Ministry confirmed the first phase of resumed exports will see 185,000 barrels per day (bpd) sent to Turkey, with plans to gradually increase volumes to 400,000 bpd.

Kurdistan’s Output Capacity at 300,000 bpd – The region currently produces 300,000 bpd, with 185,000 bpd allocated for exports and the remainder used domestically.

This article was written by Eamonn Sheridan at www.forexlive.com.

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