Yildiz: Oil Still in Storage at Ceyhan

By John Lee.

Turkish energy minister Taner Yildiz (pictured) has hinted that his country will not sell oil from the port of Ceyhan until there has been an agreement between Baghdad and Erbil.

Minister Yildiz noted that the Turkish Petroleum Refineries Corporation (TPAO) does not currently need to move the Iraqi oil in storage, although the tanks at Ceyhan are only days away from capacity:

“Oil in the region belongs to Iraq, and our Iraqi brothers will present the oil to the international market. Some 2.2 million barrels of oil are currently stored [in Turkey’s Ceyhan Port] and 100,000 barrels of crude oil is flowing every day now. I think the storage will be [full] within three to four days. If Iraq [permits], we will transfer and sell their oil on international markets.”

(Source: Al Hurriyet)

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