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Iraq’s oil exports via Turkey suspended since Friday, shipping agent says

AMMAN (MarketWatch) — Iraqi crude oil exports from northern Kirkuk oil fields to Turkey’s Ceyhan port have been suspended since Friday, a shipping agent at the terminal said Monday.


The agent said Kirkuk crude oil pumping to Ceyhan was suspended at 2000 local time Friday. Iraq only resumed the flow last Wednesday after a two-week suspension on a fault that occurred at one point of the export pipeline.


Two vessels – one belonging to Eni SpA and the other to Total SA – managed to load around 600,000 barrels of Kirkuk crude each, the shipper said. There are around 400,000 barrels in storage facilities in the terminal, he added.


Four vessels are waiting at anchorage, he said, adding causes of the suspension aren’t known yet.


MarketWatch



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