By John Lee.
Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd.
Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd.
A total of 19.2 million barrels of oil have been exported via Ceyhan, Turkish officials said, and around $400 million has been deposited with Turkish state lender Halkbank.
(Sources: Reuters, Rudaw)
(Oil pipeline worker image via Shutterstock)