Kurdish Oil Shipments From Turkey Said to Resume as Tanker Loads

Aug 24, 2014 6:06 am ET

Aug. 24 (Bloomberg) -- Shipments of Iraqi Kurdish oil resumed from the Turkish terminal Ceyhan today as the Spanish- flagged tanker Ultimate Freedom completed loading and prepared to depart, according to an official with knowledge of the situation who asked not to be identified, citing policy.

The tanker loaded some 950,000 barrels and is expected to leave Ceyhan shortly, the official said by phone. Oil flow from northern Iraq restarted last week after a pause of more than two weeks while Iraqi Kurds installed a booster station to speed up the flow through the pipeline.

The Malta-flagged Phoenix AN and the Greek-flagged United Carrier tankers were on their way to Ceyhan on the Mediterranean cost to pick up some 250,000 and 500,000 barrels of Kurdish oil, respectively, the official said.

The Kurdish regional government’s press officer didn’t answer phone calls seeking comment today. Turkey has ignored objections by Iraq’s central government, which says the oil exports are illegal and must be stopped. Iraqi Kurds are also exporting crude on trucks via Turkey.