Photo Credit:Reuters/STRINGER Iraq Monday, Jul 15, 2013
By Hassan Hafidh
Iraq has failed again to resume pumping of crude from Kirkuk oil fields in northern Iraq to the Mediterranean port of Ceyhan in Turkey which has been halted for the last 25 days, Middle East shipping agents said Monday.
"The flow was resumed for few hours late Thursday but it was stopped again on Friday," a shipping agent based in Ceyhan told Dow Jones Newswires. "They pumped only a few barrels which aren't worth exporting," he added.
Another shipping agent said that he didn't know when Iraq is expected to resume the flow which was stopped since June 21 due to a leak in part of the pipeline inside Iraq.
Iraq normally exports an average of 350,000 to 400,000 barrels a day but sabotage to the pipeline over the last few months, as well as technical problems, has reduced the flow. Last month, Iraq only exported 193,000 barrels a day via the pipeline because of damage to the structure by unknown attackers.The Iraq-Turkey pipeline that carries crude from Kirkuk oil fields to Ceyhan has frequently been attacked, sometimes in Turkey but mostly in Iraq. The pipeline was idle for many years due to acts of sabotage after the U.S.-led invasion in 2003.
Write to Hassan Hafidh at hassan.hafidh@dowjones.com(END) Dow Jones Newswires
15-07-13 1103GMT
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