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.
Pakistan says it has killed 26 militants in strikes on terrorist hideouts along the Afghan border, marking the most significant escalation between the...
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI ima...
China's foreign ministry announced on Thursday that it had imposed sanctions on Philippine Defence Secretary Gilberto Teodoro and his immediate family...
The United States launched overnight strikes on military targets across Iran, as President Donald Trump warns of further attacks unless a peace deal i...
Conditions of a climate pattern El Niño have officially developed and are expected to strengthen through the Northern Hemisphere winter of 2026-27,...
Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington.
An Iraqi man accused of helping plan attacks on behalf of the Iran-backed militia Kata'ib Hezbollah pleaded not guilty on Monday (1 June) to U.S. terrorism-related charges, declaring in a New York courtroom that he was innocent and describing the allegations against him as part of wartime context.
Turkish President Recep Tayyip Erdoğan has urged Iraq’s prime minister-designate to form a government which reflects the country’s religious and ethnic diversity.
The Iraqi parliament on Saturday elected Kurdish politician Nizar Amedi as the country's new president, following a parliamentary election last November.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
Fuel stations across the Russian-occupied Crimean Peninsula ran dry on Thursday as Ukraine stepped up attacks on supply routes to the region.
Pakistan says it has killed 26 militants in strikes on terrorist hideouts along the Afghan border, marking the most significant escalation between the neighbouring countries since a China-brokered diplomatic effort helped ease tensions earlier this year.
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI image-generation tool without adequate safeguards, enabling the creation and distribution of non-consensual sexualised deepfakes.
China's foreign ministry announced on Thursday that it had imposed sanctions on Philippine Defence Secretary Gilberto Teodoro and his immediate family, accusing him of repeatedly making remarks that undermined China's "legitimate interests" and bilateral relations.
Conditions of a climate pattern El Niño have officially developed and are expected to strengthen through the Northern Hemisphere winter of 2026-27, according to the U.S. Climate Prediction Center. The forecast raises concerns of extreme weather, agricultural issues and record global temperatures.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment