By: AGBI

Iraq will export 185,000 barrels per day (bpd) from Kurdistan’s oilfields through the Iraq-Turkey pipeline once oil shipments resume, an Iraqi oil ministry official said on Sunday.

Basim Mohammed, deputy oil minister for upstream operations, told Iraq’s state news agency that the quantity currently available for export from Kurdistan regional government oilfields is 300,000 bpd.

Some of this is allocated for domestic use, while the remaining 185,000 barrels will be designated for export.

Iraq’s oil ministry said on Saturday that all procedures had been completed to allow the resumption of exports through the Iraq-Turkey pipeline, potentially resolving a nearly two-year dispute that has disrupted crude flows.

Mohammed added that Iraq had asked Turkey to confirm the readiness of an export pipeline to the Turkish Mediterranean port of Ceyhan and is expecting a response within 24 hours.

Although Iraq said that oil exports from the semi-autonomous Kurdistan region would recommence this week, no specific date has been provided yet.