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Baghdad government stops oil exports from Kirkuk to Iran early next month

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Baghdad government stops oil exports from Kirkuk to Iran early next month

Post by RamblerNash on Fri Oct 26, 2018 10:28 pm

Baghdad government stops oil exports from Kirkuk to Iran early next month

26-10-2018 08:32 PM

The Euphrates -

The Iraqi government announced on Friday the suspension of the export of crude oil from Kirkuk to Iran in early November, in compliance with Washington's sanctions imposed on Tehran.

"Iraq will stop the transfer of crude from the Kirkuk oil field to Iran in November, in compliance with sanctions imposed by the United States on Tehran," Reuters quoted two sources familiar with Iraq's oil exports.

The source said that 'Iraq currently exports less than 30 thousand barrels per day of Kirkuk crude, to Iran by trucks'.

He said that 'the former Iraqi federal government reached an agreement in mid-October, with the Kurdistan Regional Government to resume the export of crude to the Turkish port of Ceyhan across the region'.

The two sources added that 'the agreement is subject to the final approval of the Prime Minister and the new Minister of Oil'.


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