financetom
Business
financetom
/
Business
/
International oil firms load first Kurdish exports from Turkey's Ceyhan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Johnson & Johnson Applies for FDA Approval of Tremfya Subcutaneous Induction Regimen for Ulcerative Colitis
Johnson & Johnson Applies for FDA Approval of Tremfya Subcutaneous Induction Regimen for Ulcerative Colitis
Nov 22, 2024
08:47 AM EST, 11/22/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) said Friday it has applied to the US Food and Drug Administration seeking approval of a subcutaneous induction regimen of Tremfya to treat adults with moderately to severely active ulcerative colitis. The company said its supplemental biologics license application, or SBLA, is based on phase 3 study...
Calumet Says $354.4 Million Senior Notes Tendered in Exchange Offer
Calumet Says $354.4 Million Senior Notes Tendered in Exchange Offer
Nov 22, 2024
08:49 AM EST, 11/22/2024 (MT Newswires) -- Calumet (CLMT) said Friday that about $354.4 million of 11% senior notes due 2025 were validly tendered in its private exchange offer for newly issued 11% senior notes due 2026. The tendered amount represents about 97.5% of the outstanding old notes, according to the company. Settlement for the exchange offer, which expired Thursday,...
CIBC Comments on Canada's Retail Sales Data
CIBC Comments on Canada's Retail Sales Data
Nov 22, 2024
08:47 AM EST, 11/22/2024 (MT Newswires) -- Canadian retail sales look to be getting a boost from lower interest rates, as total sales rose by a healthy 0.4% month over month in September and the increase looked even better in volume terms, at 0.8%, said CIBC. Friday's headline was in line with consensus expectations, and gains were broad-based, with six...
Sector Update: Consumer
Sector Update: Consumer
Nov 22, 2024
08:48 AM EST, 11/22/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Friday as the Consumer Staples Select Sector SPDR Fund (XLP) was advancing 0.01% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was flat recently. Tapestry (TPR) shares advanced by over 3% after the company announced accelerated share repurchase deals with Bank of America and Morgan Stanley...
Copyright 2023-2026 - www.financetom.com All Rights Reserved