New Problem on Ceyhan Pipeline – Oil Flow Reduced

Iraq’s crude oil exports through Turkey “suddenly” dropped by about 20 percent due to a technical fault on the Iraqi side of the border, according to an official for the state-run North Oil Co, as reported by Bloomberg.

“The flow suddenly dropped from the usual level of 600,000 barrels a day to between 400,000 and 450,000 barrels a day” on Thursday, said Imad Baqer, head of the company’s production department.

Iraqi technicians were trying to fix the fault and flows in the pipeline are due to return to their usual level in a few days, he said.

This is the latest in a series of problems interrupting exports from Iraq through the Turkish port of Ceyhan.

(Source: Bloomberg)

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