Iraq and Kurdistan Regional Government resume oil exports via Ceyhan port
Change
Iraq and the Kurdistan Regional Government restarted oil flows through Turkiye's Ceyhan port at 07:00 GMT on March 18 and targeted at least 100,000 barrels per day via the route.
Why it matters
Refinery and procurement teams must treat the resumption as limited relief because Iraq's main southern oilfields remain roughly 70% below normal, so overall market shortages are not resolved. Traders and logistics planners must continue to factor elevated shipping risk around the Strait of Hormuz into sourcing and routing decisions.
Implications
- • Refinery crude procurement teams must secure or rebook cargoes loading from Ceyhan to replace disrupted southern shipments or face feedstock shortfalls.
- • Crude trading desks at oil trading firms must adjust and hedge open positions to reflect incremental volumes from Ceyhan or risk settlement and margin mismatches.
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