Talks on resuming Iraqi oil flows to Turkey once again have ended in deadlock for the second time in a week despite Washington applying pressure to Iraq to resume the exports, Reuters has reported.
Baghdad (IraqiNews.com) – The Jordanian Ministry of Energy and Mineral Resources announced on Monday the resumption of Iraqi crude oil exports after it stopped last month, according to a statement issued by the Jordanian ministry.
Iraq’s crude oil production has been stuck between the 4.0-4.7 million barrels per day (bpd) level since 2016, with a mean average of about 4.5 million bpd during that period, but it could relatively straightforwardly produce 12 million bpd – way more than Saudi Arabia’s true crude oil production average of 8.2 million from 1973 to last Friday.