Crude oil flowed on Saturday (27 September) through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Türkiye for the first time in two-and-a-half years, after an interim deal broke the deadlock, Iraq's oil ministry said.
"Operations started at a rapid pace and with complete smoothness without recording any significant technical problems," the ministry said.
The agreement between Iraq's federal government, the Kurdistan regional government (KRG) and foreign oil producers will see 180,000 to 190,000 barrels per day of oil flow to Türkiye's Ceyhan, Iraq's oil minister told Rudaw on Friday.
The U.S. had pushed for a restart, which is expected to eventually bring up to 230,000 barrels per day (bpd) of crude back to international markets at a time when OPEC+ is boosting output to gain market share.
The preliminary plan, agreed on Wednesday, calls for the KRG to commit to delivering at least 230,000 bpd to Iraq's state oil marketer SOMO, while keeping an additional 50,000 bpd for local use, according to Iraqi officials with knowledge of the agreement.
An independent trader will handle sales from the Turkish port of Ceyhan using SOMO's official prices.
For each barrel sold, $16 is to be transferred to an escrow account and distributed proportionally to producers, with the rest of the revenue going to SOMO, the officials said.
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Iran marked the 45th anniversary since the Iran-Iraq war began with parades and memorials with the country's revolutionary guard issuing a warning to U.S and Israel against further aggression.
Iraq has increased its oil exports following the gradual easing of voluntary production cuts under the OPEC+ agreement, according to the country’s state oil marketer, SOMO, on Sunday. Earlier this month, eight OPEC+ members agreed to raise production by 137,000 barrels per day from October.
Iraq's attempt to ease its chronic power shortage with gas from Turkmenistan routed through neighbouring Iran has failed under U.S. pressure, leaving Baghdad scrambling for alternatives to keep the lights on.
Elizabeth Tsurkov, an Israeli-Russian citizen and Princeton graduate student, has been released in Iraq after being held captive since March 2023 by the Iran-backed group Kataib Hezbollah.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 27 September, covering the latest developments you need to know.
New Zealand will not recognise a Palestinian state at this time but remains committed to a two-state solution, Foreign Minister Winston Peters said.
The UN Security Council on Friday vetoed a draft resolution submitted by Russia and China that sought to delay the “snapback” sanctions on Iran. The resolution received only four votes in favour, with nine members voting against and two abstaining.
At least 10 people have been killed in the Philippines after Tropical Storm Bualoi brought heavy rains and strong winds to parts of the country, officials confirmed Friday.
The U.S. considers limiting India’s purchases of Russian oil a key requirement for reaching a trade agreement.
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