Iraq’s oil exports from the Kirkuk oil province could reach up to 400,000 bpd, higher than the 300,000-bpd exported before the halt last year, a Kurdish politician told Sputnik on Tuesday after exports resumed last week—a move that adds more oil to the market at a time when participants fear an oversupply and OPEC considers new production cuts. On Friday, Iraq resumed oil exports from Kirkuk, a year after it had stopped oil flows from the area due to a dispute with the semi-autonomous Kurdistan region. Initial flows were 50,000 bpd-60,000 bpd, industry sources told Reuters . “The export of oil from Kirkuk through the Iraqi Kurdistan oil pipeline, which transports oil to international markets through the Turkish port of Ceyhan, began on November 16,” Hoshawi Babakr, the Kurdistan Democratic Party’s (KDP) representative in Russia, told Sputnik. “The increase in the volume of this export will take place in […]