The central Iraqi government and the Kurdistan Regional Government (KRG) agreed on 11 August on an export mechanism for resuming oil flows via the Iraq-Turkey Pipeline (ITP). The protocol sets various metering and custody transfer points throughout the system, starting from the Fishkhabour metering station on the Turkish border to state-marketer Somo’s tanks at Ceyhan and using bill of lading documents from buyers to determine the quantities of oil.
The KRG’s Ministry of Natural Resources (MNR) said on 13 August that delegations from both sides signed the protocol. (CONTINUED - 198 WORDS)