Minister of Oil: Start exporting the region’s oil within hours through Turkish Cihan
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayyan Abdul Ghani announced the imminent export of Kurdistan Region oil.
Abdul Ghani said in a press statement during his visit to the port of Khor Al-Zubair to review the operations of connecting the gas pipeline, that “Iraq will announce in the coming hours the start of the region’s oil export operations through the oil marketing company {Sumu} through the Turkish port of Ceyhan.”
He explained that the exports will be “at an initial rate of 185,000 barrels gradually escalating to reach the energy specified in the federal budget.”
The Minister of Oil supervised in the field the implementation of the project of extending the dry gas transmission pipe from Khor Al-Zubair to Nazem Shatt al-Arab with a length of 40 km and a diameter of 42 knots to ensure the access of gas to electric power plants.
On February 23, the Kurdistan Regional Government announced an agreement with the federal government to resume the export of crude oil from the region’s fields according to the available quantities.
Turkey stopped the pipeline in March 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion to Baghdad in compensation for unauthorized exports between 2014 and 2018.
https://alforatnews.iq/news/وزير-النفط-المباشرة-بتصدير-نفط-الإقليم-خلال-ساعات-عبر-جيهان-التركي
