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Iraq has restarted exports of Kirkuk oil. interrupted more than a year ago amid a standoff between the central government in Baghdad and Kurdistan’s semi-autonomous region. industry sources said on Friday.
The development is a win for the U.S. government which has been putting pressure on both sides to settle the dispute and resume flows to help address a shortage of Iranian crude in the region after Washington imposed new sanctions on Tehran.
The flows resumed on Friday at a modest level of around 50.000-60.000 barrels per day versus peak levels of 300.000 observed during some months of 2017 and it was not clear when and by how much they will rise. sources said.
