MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Iraq Working on Repairing Alternative Pipeline to ITP

OIL

Iraq is working on repairing a pipeline that could allow it to send 350kbd to Turkey by the end of the month according to Reuters reports from an Iraqi oil minister on Monday.

  • The Kirkuk-Ceyhan pipeline has been shut for a decade after Islamic State attacks in 2014.
  • Baghdad deems production-sharing agreements between the Kurds and foreign companies using the KRG's pipeline illegal Reuters reports.
  • "Repair works are ongoing and a major crude pumping station with storage facilities has been completed. The pipeline is likely to be operational and ready to restart flows by the end of this month," Basim Mohammed, Iraqi deputy oil minister for upstream affairs, told Reuters.
  • The Iraq-Turkey oil pipeline (ITP) which once handled about ~0.5% of global oil supply has been halted, stuck in legal and financial limbo, since March 2023. It has numerous false starts, but a number of issues have held it back.
  • Restarting a competing pipeline is likely to cause issue for any party reliant on the revenue from the ITP pipeline.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.