Baghdad-Erbil oil deal leads to renewed SOMO Kirkuk sales
Iraq’s state marketer loads its first oil tanker from Ceyhan in over a year, as both sides honor handshake deal to share oil from federally run Kirkuk fields.
A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned pipeline company Botas. (UMIT BEKTAS/Reuters)
The Aegean Harmony oil tanker set sail from Turkey’s port of Ceyhan at noon on Wednesday which, combined with a recent shipment to a Turkish refinery, is federal Iraq’s first northern exports in more than a year.
It also marks the continued implementation of a deal to share Kirkuk’s crude with the Kurdistan region ahead of upcoming budget talks that could determine the fate of long-term northern exports.
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