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International oil firms load first Kurdish exports from Turkey's Ceyhan
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International oil firms load first Kurdish exports from Turkey's Ceyhan
Nov 17, 2025 2:58 AM

OSLO, Nov 17 (Reuters) - International oil companies in

Iraq's semi-autonomous Kurdistan region have loaded their first

export cargo from Turkey's Ceyhan terminal, Gulf Keystone

Petroleum ( GUKYF ) said on Monday.

Gulf Keystone Petroleum ( GUKYF ) said in a statement it expects

payment for its share of the first cargo within 30 days and

anticipates the second lifting at the end of November.

Its London-listed shares were up 3.6% by 0840 GMT.

After a two-and-a-half year hiatus, Iraq resumed oil exports

from Kurdistan to Ceyhan via pipeline in late September under an

interim deal that compensates producers with a share of their

crude deliveries to Iraqi national company SOMO.

The restart deal involves eight IOCs, including Shamaran

Petroleum ( SHASF ) and U.S.-based HKN Energy and Hunt Oil.

Norway's DNO, Kurdistan's largest producer, did not

join and continues to sell oil to local traders for cash.

Iraq plans to load 250,000 barrels per day of Kirkuk crude

from Ceyhan in November across 12 cargoes, a loading programme

seen by Reuters shows, an 86% increase from the previous month

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