Kurdistan’s oil exports to Türkiye stabilize at 250,000 barrels per day

Sources at the North Oil Company reported on Friday that exports from the Kurdistan Region via the Kirkuk-Ceyhan pipeline have stabilized at 250,000 barrels per day, with pumping operations resuming after a period of suspension .

Sources within the company told Shafaq News Agency that “export operations are proceeding smoothly according to the specified rates, within the framework of the recent agreement between the federal government and the Kurdistan Regional Government .”

The North Oil Company announced in a statement received by Shafaq News Agency that it has begun exporting Iraqi oil from Kirkuk Governorate to the Turkish port of Ceyhan, confirming that the initial production is 250,000 barrels per day .

The company stated that “Kirkuk fields have made a strong return to the forefront of production and export, with the resumption of crude oil pumping operations through the Turkish port of Ceyhan, after a period of stagnation that posed a major challenge to the oil sector .”

She added that “this development is the result of the agreement between the federal government and the Kurdistan Regional Government, which contributed to reactivating one of the most prominent strategic export outlets and enhancing the flexibility of the export system .”

She indicated that the operation of the (Saralo) pumping station has begun, signaling the resumption of pumping and exporting Kirkuk oil, with an initial capacity of 250,000 barrels per day .

The company affirmed that the resumption of exports reinforces the pivotal role of the Kirkuk fields in supporting the national economy and stabilizing the oil market .

For its part, the Kurdistan Regional Government had previously announced an agreement with the federal government to export oil from the Kirkuk and regional fields together via the (Kurdistan Region – Ceyhan) pipeline to global markets .

The Ministry of Natural Resources in the region had explained that there were multiple reasons that led to the previous halt in exports, while the Federal Ministry of Oil called for the resumption of exports quickly to reduce financial losses, proposing the export of about 300,000 barrels per day via the pipeline .

This comes at a time when Iraqi oil exports have declined in the recent period, making the reactivation of the northern export lines an important step to enhance stability in the oil market .

Shafaq.com