Iran Press/Middle East: Iraqi Oil Ministry spokesman Assem Jihad said in a statement, the deal called for the resumption of exports at a rate of between 50,000 and 100,000 barrels per day.
According to officials, the export process will be run by Iraq’s government-run SOMO oil marketing company, Anadolu Agency reported.
On Jun. 11, Iraq’s Oil Minister Jabar al-Luaibi warned that any unilateral decision by any oil producer regarding output could lead to the collapse of the pact that was devised to help stabilize prices.
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Meanwhile, Iraqi Oil Ministry spokesman Assem Jihad told Reuters that the country has resumed exporting oil from the northern Kirkuk oilfields on Friday.
“The resumption of Kirkuk shipments of between 50-100,000 barrels per day will not add to Iraq’s total exports, because we will compensate for some of the refineries in the north from the southern oilfields,” Jihad said.
Oil extraction and pumping from Iraq’s northern Kirkuk province was halted in October of last year after Iraqi federal forces seized control of the oilfields from Peshmerga forces loyal to the KRG.
Prior to that, the region had exported up to 250,000 barrels per day to Ceyhan.
Iraq is OPEC's second largest oil producer after Saudi Arabia, producing roughly 4.5 million barrels per day.
The Organization of the Petroleum Exporting Countries (OPEC) is struggling to add barrels to the market after agreeing in June to increase its oil output.
The non-OPEC nations cooperating with OPEC pumped an extra 296,000 bpd since May, the OPEC document showed. Russia increased output by 389,000 bpd, although Kazakhstan, Mexico and Malaysia posted declines.
Nigeria, Libya and Congo are not included in OPEC's supply-limiting pact. Including them brings the increase in OPEC's output in September to 628,000 bpd.
The OPEC and non-OPEC technical panel called the Joint Technical Committee reviews producers' compliance with their oil supply pledges.
Top exporter Saudi Arabia pumped most of the extra oil, raising output by 524,000 bpd in September compared to May, the document showed. Other increases came from Iraq, Kuwait and the United Arab Emirates.
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