BAGHDAD: Crude exports from Iraq’s Kirkuk fields to Turkiye’s Ceyhan port have resumed via pipeline, North Oil Company said, after Baghdad and the Kurdistan Regional Government agreed on Tuesday to restart flows.
The KRG confirmed the agreement, saying in a statement the two sides would form a joint committee to prepare to resume oil exports and that revenue would be returned to the federal treasury.
The North Oil Company added that Kirkuk crude exports would resume with an initial capacity of 250,000 barrels per day.
The two sides agreed to take the necessary security measures to protect oilfields and ensure the continuity of export operations, the KRG said.
Iraq has begun pumping crude from Kirkuk to Ceyhan at an initial rate of 170,000 barrels per day, with plans to ramp up gradually to 250,000 bpd, Basim Mohammed, the Iraqi deputy oil minister for upstream affairs, said in a televised statement.
