Iraq resumes oil exports through Turkey

Iraq on Saturday resumed oil exports from its northern Kirkuk oil fields to Turkey’s Ceyhan terminal on the Mediterranean after a several-day hiatus caused by the bombing of the pipeline.A North Oil Company source told Petra’s reporter in Baghdad that pumping to Ceyhan had started at dawn today after repairs to the pipeline which came under attack by explosive devices north of Tikrit, 350 KM north of Baghdad.It said exports had begun at an initial rate of 350,000 barrels a day and will rise in the next hours to 400,000.It said loading at the terminal had not been affected by the disruption as more then 2 million barrels of oil had been stored there.The pipeline has repeatedly been targeted by saboteurs