Iraq's Kirkuk-Ceyhan Oil Exports Plunge to 40-60k b/d on Border Strikes
Iraq's oil output surpassed 1.95 million barrels per day in July, with crude selling for around $60 per barrel. However, exports via the Kirkuk-Ceyhan pipeline plunged to just 40,000–60,000 b/d—the lowest level—due to strikes on Kurdistan region borders.
In July, Iraq sold crude oil at approximately $60 per barrel, with total production exceeding 1.95 million barrels per day. However, shipments through the critical Kirkuk-Ceyhan pipeline have slumped to their lowest level, at around 40,000–60,000 barrels per day.
The decline is attributed to strikes affecting the borders of the Kurdistan region, disrupting the pipeline that typically carries larger volumes from Kirkuk to the Turkish port of Ceyhan.
The disruption adds to logistical challenges for Iraqi oil flows, though overall production remains robust.
Source: First Squawk