Iraq began pumping oil to Turkey through its northern pipeline Saturday after a nearly three-week lull, Dow Jones Newswires reported. Service resumed at about 8 a.m. at an initial rate of 400,000 barrels a day, Dow Jones reported. The prewar capacity of the pipeline - from the northern Iraqi city of Kirkuk to Turkey's southern Ceyhan port - was about 900,000 barrels.
| That would put a dent in the oil speculation market. |
Oil has not been pumped to Ceyhan from Iraq since March 17. The oil flow through the pipeline has halted several times since last year, often because of sabotage and other problems. |