Iraq and Iran begin to exchange Kirkuk oil


Oil worker in southern Iraq

Economy News Baghdad:

Iran and Iraq have begun to exchange crude oil as part of a deal between the two countries, the Iranian Oil Ministry news website said on Sunday, adding that logistical problems had been solved .

Under the deal, crude is being transported from the Kirkuk field in northern Iraq by truck to Iran, which will use oil at its refineries and export a similar amount of crude on behalf of Baghdad from the southern ports overlooking the Gulf .

Shana said 30,000 to 60,000 barrels per day of Kirkuk crude would be transported by truck to Dar Shahr in southeastern Iran .

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