Iraq resumes Kirkuk oil exports to Turkey via Ceyhan pipeline
Iraq has restarted crude exports from the Kirkuk oilfields to Turkey’s Ceyhan port after Baghdad and the Kurdistan Regional Government (KRG) struck a deal to resume flows.
The state-run North Oil Company said shipments would begin with an initial capacity of about 250,000 barrels per day. The KRG confirmed the agreement and said a joint committee would oversee preparations and return revenue to Iraq’s federal treasury.
Officials also agreed to strengthen security around oilfields and export infrastructure to keep shipments running.
Global oil prices, which surged roughly 30 percent since the Israeli-US war on Iran began on 28 February.
This article was sourced from Middle East Eye.
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