US EditionIraq says oil exports from Kurdish region by way of Turkey set to resume
- Iraq's Oil Ministry announced the resumption of oil exports from the Kurdish region after nearly two years of suspension due to a legal dispute.
- The ministry completed the necessary procedures for restarting shipments through Turkey's Ceyhan port, following the arbitration ruled in Baghdad's favor.
- Iraq's federal government requires the Kurdistan Regional Government to deliver its oil production to the State Organization for Marketing of Oil for export.
- The announcement came after the Iraqi parliament approved a budget amendment to address oil transportation costs and require cooperation between regions.
30 Articles
30 Articles
Iraq Reiterates OPEC+ Pledge Ahead of Restart of Kurdistan Oil Exports
Iraq remains fully committed to its pledges in the OPEC+ agreement as the restart of oil exports from the semi-autonomous Iraqi region of Kurdistan appears imminent. “The Iraqi oil ministry affirms its full commitment to the OPEC+ agreement,” the ministry said in a press release cited by news agency Rudaw. Iraq produced 3.9 million barrels per day (bpd) of crude oil in January, which reflects “Iraq's commitment to the agreed production levels,” …
Oil Prices Dip Amid Kurdistan Export Resumption and Russia-Ukraine Talks Uncertainty
Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to end Russia's war on Ukraine. Brent futures fell 20 cents, or 0.3%, to $74.23 barrel at 0113 GMT, while U.S. West Texas Intermediate crude futures lost 28 cents, or 0.4%, to $70.12 a barrel. Both contracts dropped by more than $2 on Friday, posting weekly d…
Iraq and Kurdish Region Resume Oil Exports Amid Long-Standing Dispute
Iraq and Kurdish Region Resume Oil Exports Amid Long-Standing Dispute The oil ministry in Iraq has made a significant move, announcing the resumption of oil exports from the northern Kurdish region. This comes after a prolonged two-year suspension due to an arbitration ruling supporting Iraq's stance against independent oil exports by the Kurdish authorities.The ministry confirmed that the necessary procedures have been finalized to restart ship…
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