Iraq to resume oil exports of Kirkuk after a halt for more than a year

Iraq to resume oil exports of Kirkuk after a halt for more than a year

2018/11/16 13:12

Iraq to resume oil exports of Kirkuk after a halt for more than a year(Reuters) – Iraq resumed its exports of Kirkuk oil after it stopped more than a year ago amid a dispute between the central government in Baghdad and the Kurdistan region, sources in the oil sector said on Friday.
The development is a victory for the US government, which has been pressing both sides to settle the dispute and resume flows to help address the shortage of Iranian crude in the region after Washington imposed new sanctions on Tehran.
The sources said that the flows resumed on Friday at an average level of between 50-60 thousand barrels per day compared with peak levels of 300 thousand barrels per day in some months 2017, and it is unclear when and to what extent will increase those supplies.

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