Reuters: Iraq prepares to reopen Kirkuk-Ceyhan pipeline

An Iraqi oil worker tends to his work at the Basra Oil refinery in southern Iraq. (AP Photo/Elizabeth Dalziel, File)

An Iraqi oil minister cited by Reuters on Monday said Baghdad is repairing a pipeline that could dispatch 350,000 barrels per day (bpd) to Turkey by the end of April.

The renewal of the Kirkuk-Ceyhan pipeline would create a rival to the Iraq-Turkey oil pipeline that has been shut down for a year amid stalled negotiations between the Kurdistan Regional Government (KRG) and Baghdad, which has blocked exports from the Kurdistan Region.

Baghdad has declared production-sharing agreements between the KRG and international oil companies illegal.

The Iraqi federal government will require international oil companies to negotiate through Baghdad to sell their oil via the revived pipeline, potentially bypassing the KRG.

Exports through the 960 km (600-mile) pipeline ceased in 2014 following repeat attacks by Islamic State militants.

The pipeline once accounted for 0.5 percent of the global supply.