ENERGY - Iraqi Kurdistan’s first oil exports via Turkey pipeline seen by end-Jan

ENERGY - Iraqi Kurdistan’s first oil exports via Turkey pipeline seen by end-Jan:

"The first crude has started to flow through the autonomous Iraqi Kurdistan region's new pipeline across Turkey and the first independent exports are expected to begin at the end of this month, the Kurdistan Regional Government (KRG) said on Jan. 8.

The first parcel of 2 million barrels of oil will be sold via a tender, KRG’s Ministry of Natural Resources said on the government’s web site. It invited bidders for the January tender.

The monthly export parcels will then increase to 4 million barrels and 6 million barrels in February and March respectively, it said. The monthly exports are estimated to reach 10-12 million barrels in December."

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