JBC Energy, the Austria-based research firm, has said that disruptions at a pipeline network carrying Iraqi crude oil to the Turkish Mediterranean port of Ceyhan (pictured) have threatened the reliability of Kirkuk oil exports, Bloomberg has reported.
“The closures and reduced flows seen over the last six months raise questions on the viability of Kirkuk crude as a stable and reliable alternative to Iranian barrels,” analysts led by Johannes Benigni, the Vienna-based researcher’s managing director, said.
Transportation of Iraqi oil through the pipeline has been halted at least 13 times since November because of sabotage, bad weather and technical reasons, according to the Iraqi oil ministry. Most recently, Iraq halted crude exports from northern oil fields because of a technical fault in the pipeline in Turkey.
(Source: AME Info)