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Kirkuk oil export to Iran to begin within 2 weeks

Oil production in Iraq

Iraq will begin the export of crude oil from fields in Kirkuk Province to Iran in the next two weeks, Kurdistan 24 quoted the head of the Iraqi state-oil marketer SOMO as saying.

In an official statement, SOMO head Alaa al-Yasiri said Iraq would begin exporting oil from fields north of Kirkuk to Iran “in one to two weeks, starting at a daily average rate of 30,000 barrels of oil per day (bpd).”

 

He also said oil exports from northern Kirkuk fields through Turkey could begin “at any moment” as discussions with the Kurdistan Regional Government (KRG) which controls the Ceyhan pipeline, are ongoing.

 

Ever since Iraq and Iran agreed on the oil deal last December, the two sides have faced many difficulties in moving forward with the agreement.

 

The deal allows Iraq to resume the production and sale of crude from Kirkuk where between 30,000 to 60,000 bpd will be delivered by tanker trucks.

 

Kirkuk is one of the largest oilfields in the Middle East, estimated to contain around nine billion barrels of recoverable oil.

Last Modified: Thursday، 29 March 2018 11:52 AM
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