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Iraq begins pumping Kirkuk oil to Iran DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Iraq begins pumping Kirkuk oil to Iran

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Iraq begins pumping Kirkuk oil to Iran Empty Iraq begins pumping Kirkuk oil to Iran

Post by RamblerNash on Mon Sep 03, 2018 6:48 pm

Iraq begins pumping Kirkuk oil to Iran

Iraq begins pumping Kirkuk oil to Iran 9804

An Iraqi truck transporting Kirkuk oil to Iran. "Internet"
 
03/09/2018

Economy News Baghdad

An official at the North Oil Company, one of the largest oil companies in Iraq, the entry of a previous agreement with Iran to transfer about 60 thousand barrels per day of oil to Iran to take effect, after more than a month on the declaration of an Iraqi Iraqi agreement to export Iraq oil from fields Kirkuk (north) by land to Iran through the Kurdistan region through large tankers and tankers.

The official said in a press statement followed by "Economy News", that "Tehran will return the same quantities to Iraq through Basra, in a swap agreement allows Baghdad to use the fields of Kirkuk almost paralyzed because of differences between Baghdad and the Kurdistan region of Iraq and stop the pipeline that exports Kirkuk oil to the port Turkish Ceyhan. "

"The process of transporting crude oil from the Kirkuk fields has come into effect after solving the problem of transport routes through which oil shipments are passing," said the official, who declined to be named.

The official added that "this export process for limited quantities of Kirkuk oil, where the production of Kirkuk fields combined to about 480 thousand barrels per day in all fields."

Tehran benefits from this agreement by feeding its stations in the border provinces with Iraq. With the United States withdrawing from Iran's nuclear deal in May and imposing sanctions on Tehran, economic analysts expect Iran to focus on maintaining its interests with neighboring countries and boosting cooperation in many areas.

The Islamic Republic News Agency (IRNA) last month quoted the news site of the Iranian Ministry of Oil that the process of bartering the oil city of Kirkuk with Iran began after solving the problem of transport between the parties.

The spokesman for the Ministry of Oil Assem Jihad, had said earlier that "the agreement has not been activated yet and that no Iraqi oil shipment to Iran through tanks."

He pointed out that the agreement signed between the two sides did not do because of problems related to the mechanism of transport and that the agreement is a mutual benefit between the two countries, where it is scheduled to be transferred between 30 to 60 thousand barrels per day of Kirkuk oil via tankers to Iran, Basra has the same amount, as Tehran needs oil in the region of Kermanshah near northern Iraq, and Baghdad will benefit from the export of Kirkuk oil.

http://economy-news.net/content.php?id=13492
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