Iraq is likely to resume crude flows for its pipeline connecting Turkey today, which had been halted last week due to disruptions caused by Kurdish militants.
Turkish energy officials were cited by Reuters as saying that pumping will be restarted for the pipeline which transports oil from Kurdistan region and Kirkuk city in Iraq to the Mediterranean port of Ceyhan in southern Turkey.
Last week’s sabotage operation by fighters from the Kurdistan Workers’ Party (PKK) on the pipeline had temporarily halted the exports.
According to the Iraq’s Kurdistan Regional Government (KRG) Ministry of Natural Resources, it had resulted in a loss of around $250m in revenues and wasted crude oil.
PKK violence against Turkish security forces and infrastructure started after the country started air-strikes against the group in northern parts of the nation.
The export halt has not affected Turkey much.
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By GlobalDataKRG was cited by Rudaw as saying: "Turkey stands to suffer relatively minor economic damage through the loss of transit fees from the pipeline to Ceyhan.
"Therefore, some 99% of the burden of these attacks is borne alone by the Kurdistan region of Iraq and its people."
When fully operational, the pipeline has a capacity to transport nearly 550,000 barrels of oil a day (bpd) to the Turkish port.
KRG intends to increase the exports to 1 million bpd by the end of next year.
