"Iraq has resumed crude oil exports from the semi-autonomous Kurdistan region to Turkiye after an interim deal broke a two-and-a-half-year deadlock over legal and technical disputes. The resumption started at 6am local time (03:00 GMT), according to a statement from Iraq's oil ministry on Saturday. Operations started at a rapid pace and with complete smoothness without recording any significant technical problems, the ministry said. list of 4 itemsend of list Turkish Energy Minister Alparslan Bayraktar also confirmed the development in a post on X."
"The agreement between Iraq's federal government, the Kurdistan regional government (KRG) and foreign oil producers operating in the region will allow 180,000 to 190,000 barrels per day (bpd) of crude to flow to Turkiye's Ceyhan port, Iraq's oil minister told Kurdish broadcaster Rudaw on Friday. The resumption follows a tripartite agreement reached earlier this week between the ministry, the Kurdish region's natural resources ministry, and international oil companies operating in the region."
Iraq resumed crude oil exports from the semi-autonomous Kurdistan region to Turkiye after an interim deal ended a two-and-a-half-year deadlock over legal and technical disputes. Exports restarted at 6am local time (03:00 GMT) and operations proceeded rapidly and smoothly without significant technical problems. The agreement between Iraq's federal government, the Kurdistan regional government and foreign oil producers will initially allow 180,000 to 190,000 barrels per day to flow to Turkiye's Ceyhan port. The resumption follows a tripartite agreement involving the ministry, the Kurdish region's natural resources ministry, and international oil companies. The United States had pushed for the restart, which could eventually reach up to 230,000 bpd and coincides with OPEC boosting output to gain market share.
Read at www.aljazeera.com
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