Iraqi oil exports through the northern pipeline to the Turkish port of Ceyhan are running at around 550,000 barrels a day after a weekend interruption, a Middle East shipping agent told Dow Jones Newswires Monday.
Iraqi oil exports through the northern pipeline to the Turkish
port
of
Ceyhan
are
running at around 550,000 barrels a day after a weekend interruption, a
Middle
East
shipping agent told Dow Jones Newswires Monday.
"They stopped and then resumed the flow," the shipping agent said. "It
has been flowing now at 23,000 barrels an hour."
Earlier, Agence France-Presse reported the flow of oil exports was resumed
through an undamaged pipeline after it was cut by an explosion on part of the
pipeline inside Turkey, Iraq's northern neighbor.
The blast occurred at about [1820 GMT] Friday around 180 kilometers from the
Iraqi-Turkish border, inside Turkey," AFP quoted an Iraqi official from
the state North Oil Co. as saying.
"I really don't know why the flow was stopped and then resumed...they said
there was a problem and they solved it," the shipping agent told Dow
Jones.
However, AFP quoted the Iraqi official as saying: "The Turkish side is
working on repairing the damage, but we are using a second pipeline."
Iraq
exported an average of 2.106 million barrels a day in January, well short of a
planned target of 2.6 million barrels a day for 2012.
The northern export pipeline which mainly carries
Kirkuk
crude
oil to
Europe
has been the target of militant attacks over the
last few years since the U.S.-led invasion of
Iraq
in
2003. Almost every a month or two the pipeline is attacked. Most of the attacks
against the pipeline are carried inside
Iraq
.
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