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Iraq, Turkey Still In Talks To Resume Oil Flows

OIL

Iraq is in talks with Turkey to resume northern oil exports via the Turkish port of Ceyhan, Iraqi Oil Minister Hayyan Abdul Ghani said.

  • “There are talks with the Turkish side to resume pumping and we are hoping to receive soon a Turkish delegate to resolve this issue,” the minister said.
  • The latest talks are going well and exports will restart shortly, Abdul Ghani added.
  • Iraqi crude oil exports fell to the lowest in nearly two years in May to 3.27mbpd, down from 3.32mbpd in April according to Bloomberg vessel-tracking.
  • Iraq had hoped to receive an official response from Turkey’s Botas to resume flows once the general election in Turkey took place.
Energy BulletsCommodities
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