An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq cannot be currently fully implemented because of security issues , an Iranian official said on Monday. Iraq and Iran have been considering for months starting the oil swap deal that would initially run for one year. The time period can be additionally renegotiated, Iraq’s Oil Minister Jabbar Al-Luiebi said in early December. The deal envisages the swap of up to 60,000 bpd of crude oil, with the Iraqi oil coming from the Kirkuk field in northern Iraq, which until recently was under the effective control of the Kurdistan Regional Government. After the Iraqi offense against Kurdistan following an independence referendum that Baghdad rejected, the central government of the country resumed control of the Kirkuk field, but no oil flowed from it. Plans have been […]