Iraq to Export Oil to Iran

Iraq to Export Oil to Iran

Iraq will begin to export crude oil, produced from the northern Kirkuk fields, to Iran before the end of January 2018, Iraqi Oil Minister, Jabar al-Luaibi, told reporters on January 7th, according to Reuters.

Iraq will send around 30,000 barrels per day (b/d) of crude oil to Iran’s Kermanshah refinery in the first instance, al-Luiabi said, adding ‘‘God willing, we will start before the end of the month,‘’ Iran Daily reported.

Iraq will send crude oil to Iran, via trucks, under a swap agreement, which was announced in December 2017 by the two countries, aiming for a resumption of oil exports from Kirkuk.

The two countries agreed to swap up to 60,000 b/d of crude oil produced from the Iraqi region for Iranian oil that would be delivered to southern Iraq, al-Luaibi previously said in December.

Crude oil sales from Kirkuk have been stopped since Iraqi forces regained control over the fields from the Kurds in October 2017.

Sarah Samir 2536 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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