Drone Hits Oil Field In Iraq's Kurdistan
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BAGHDAD - Iraqi Kurdistan will resume oil exports through a pipeline to Turkey after a two-year halt, Iraq's federal government said on Thursday despite a fourth day of drone attacks that have shut down half of the region's output.
Iraqi Kurdistan plans to resume oil exports to Turkey despite ongoing drone attacks on its oilfields. An agreement between Baghdad and the Kurdistan Regional Government aims to deliver 230,000 barrels per day for export.
HOUSTON] Oil prices rose US$1 on Thursday (Jul 16) after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Read more at The Business Times.