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Business / Middle East Business

Oil exports from northern Iraq to Turkey restart

Published: 27 Sep 2015 - 09:14 am | Last Updated: 02 Nov 2021 - 12:59 am
Peninsula

ERBIL: Oil exports from northern Iraq have restarted after “thieves” sabotaged the main pipeline to Turkey, the Kurdistan region’s ministry of natural resources said in a statement yesterday. The flow of crude resumed on Friday following an outage of around 9 hours, the ministry said in the statement.
The pipeline, which pumps oil to the Mediterranean port of Ceyhan from fields in Iraq’s autonomous Kurdistan region and Kirkuk, has been repeatedly targeted inside Turkey since a ceasefire between Ankara and Kurdish militants broke down in late July.
Exports from northern Iraq fell to an average of 472,832 barrels per day (b/d) in August from 516,745 the previous month as a result of damage to the pipeline, which is the region’s main economic lifeline. Reuters