RE: Delays20 Oct 2023 16:13
As I see it, it will take sometime for the oil to flow. Read article above. It ends with the following...
"Lack of urgency
Bringing back some 500,000 bpd to the global market would release tension in tight global energy markets, amid the Israel-Hamas conflict, sanctions on Russia and Opec+ decisions to reduce output.
However, the government in Baghdad may not see reopening the ITP as a matter or urgency as production from the fields it controls already meets, and even exceeds, Opec+ quotas through its southern seaborne export routes, as well as by trucking routes to Jordan, the FGE concluded".