Turkey court halts Iraqi oil exports: Iraq official

The pipeline to the Turkish terminal of Ceyhan typically flows at around 430,000 barrels per day (bpd) and accounts for over 20 percent of Iraq's oil exports.

Turkey court halts Iraqi oil exports: Iraq official
Iraq's Kirkuk oil exports to Turkey have halted after a Turkish court ordered the stoppage pending settlement of a claim, an Iraq oil ministry official said on Tuesday.

The pipeline to the Turkish terminal of Ceyhan typically flows at around 430,000 barrels per day (bpd) and accounts for over 20 percent of Iraq's oil exports.

"A small Turkish court issued an order to stop Iraqi exports because of claims lodged against Iraqi entities," the official said, speaking on condition of anonymity.

The claims were for relatively small amounts of money, he said, but declined to give any further details.

Shippers said earlier that the flow through the pipeline stopped on Monday.

In the south, cargoes loading at Iraq's main Basra oil terminal were suffering delays of 4-5 days due to shipping congestion, he said.

Reuters
Last Mod: 22 Temmuz 2008, 17:14
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