Weekend information – Iraq and Kurdistan resume oil exports after a two-year halt

Kurdistan to Restart Crude Exports – Iraqi Kurdistan authorities have reached an settlement with Iraq’s federal oil ministry to renew crude exports, marking a serious step in resolving a long-standing oil dispute.

• A joint Iraqi and Turkish technical crew are conducting ultimate inspections of the Iraq-Turkey pipeline, with a call on its operational standing anticipated inside 24 hours for shipments to Turkey’s Ceyhan port.

• The suspension adopted a 2022 ruling by the Worldwide Chamber of Commerce, which sided with Iraq in a authorized battle over the Kurdish area’s impartial oil exports.

• Iraq’s Oil Ministry confirmed the primary section of resumed exports will see 185,000 barrels per day (bpd) despatched to Turkey, with plans to steadily improve volumes to 400,000 bpd.

• Deputy Oil Minister Bassem Mohammed famous that restoring full manufacturing capability will probably be a gradual course of.

• Kurdistan’s Output Capability at 300,000 bpd – The area presently produces 300,000 bpd, with 185,000 bpd allotted for exports and the rest used domestically.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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