Iraq and Kurdistan Collaborate to Resume Oil Exports Amidst Tensions
Iraq and the Kurdistan Regional Government have agreed to resume oil exports via Turkey’s Ceyhan hub. A joint committee will facilitate the process, with revenues flowing to the federal treasury. Discussions continue to resolve trade restrictions and ensure security amid ongoing regional tensions.
The Iraqi government and the Kurdistan Regional Government have struck a deal to resume oil exports to Turkey's Ceyhan energy hub starting Wednesday, according to Iraq's oil minister. The move follows tense negotiations surrounding trade restrictions and security concerns in the region.
The Kurdistan Regional Government (KRG) confirmed the agreement, noting that both parties would form a joint committee to manage the resumption of oil exports via the local pipeline. Revenue from these exports will return to the federal treasury, with additional security measures enacted to protect oilfields and ensure uninterrupted export operations.
KRG Prime Minister Masrour Barzani emphasized the urgency in resuming crude exports, citing exceptional national circumstances. Dialogue with Baghdad will continue, focusing on eliminating trade restrictions and securing assurances for oil and gas companies operating in Kurdistan.
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