Iraq and Iran agreed in December to swap up to 60,000 bpd of crude produced from Kirkuk for Iranian oil to be delivered to southern Iraq.
Iraq will start exporting oil from the northern Kirkuk fields to Iran this month at a rate of 60,000barrels per day (bpd), Kirkuk’s governor told Reuters at a conference for the reconstruction of Iraq being held in Kuwait on Monday.
Iraq and Iran agreed in December to swap up to 60,000 bpd of crude produced from Kirkuk for Iranian oil to be delivered to southern Iraq, with the crude trucked to Iran’s Kermanshah.
The transportation was to start in late January and oil officials declined to give reasons for the delay other than it was technical in nature. Iraqi forces launched a security operation along the planned oil transit route last week to clear the area from armed groups.
