Iraq to Build Pipeline to Restore Shipments to Ceyhan
Iraq plans to build a new pipeline to replace a damaged section of the Kirkuk-Ceyhan oil pipeline.
Iraq plans to build a new pipeline to replace a damaged section of the Kirkuk-Ceyhan oil pipeline.
Iraq’s crude exports from its Basra ports are up approximately 150,000 barrels per day (b/d) in November.
The central government is negotiating an agreement with Turkey to export oil from the KRG and Kirkuk through the KRG’s oil pipeline.
Iraq wants “clarifications” from the Russian oil giant, Rosneft, on the oil and gas contracts it has signed with the Kurdistan Regional Government (KRG).
Iraq increased the export capacity of its Basra port by 900,000 barrels per day (b/d) by adding a fifth terminal.
Turkish President Tayyip Erdogan voiced his support for the Iraqi government’s plan to reopen the Kirkuk-Ceyhan pipeline.
Oil exports from the Kurdish Regional Government (KRG) rose to 300,000 barrels per day (b/d) on Tuesday.
Oil exports from the semi-autonomous Kurdish region in Iraq to Turkey rose to 255,000 barrels a day (b/d).
The Russian oil giant, Rosneft, is set to invest $1.8 billion in the primary oil pipeline of the Kurdistan Regional Government (KRG) for a 60% stake.
Following the Iraqi government’s seizure of key oilfields and infrastructure in Kirkuk, Kurdish crude oil exports to Turkey have more than halved