29/09/2025
The UK-listed Gulf Keystone on Monday said that they anticipate export rates from the oil fields they operate in to reach maximum capacity within days.
“Export volumes are expected to reach full capacity in the next few days based on the continued ramp up of pipeline availability,” the company said after confirming that exports from Sheikhan field, operated by the company, have resumed since Saturday.
Exports of crude oil from the Kurdistan Region through the Iraq-Turkey pipeline resumed on Saturday after a 30-month halt, following the signing of a breakthrough agreement between Erbil, Baghdad, and international oil companies operating in the Region.
Per the agreement, the Kurdistan Region will deliver “all crude oil” produced from its fields to Iraq’s State Oil Marketing Organization (SOMO) to be exported through the Iraq-Turkey pipeline, apart from quantities allocated for domestic use.
The halt came at a cost of some $30 billion in revenue for Erbil and Baghdad.
Read more on The New Region website.