Iraqi government, Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port
The Straits Times
BAGHDAD, March 17 - The Iraqi government and the Kurdistan Regional Government reached an agreement to resume oil exports to Turkey's Ceyhan energy hub starting on Wednesday, Iraq's oil minister said on Tuesday. Read more at straitstimes.com.
BAGHDAD, March 17 - The Iraqi government and the Kurdistan Regional Government reached an agreement to resume oil exports to Turkey's Ceyhan energy hub starting on Wednesday, Iraq's oil minister said on Tuesday.
Oil flow from Ceyhan port is expected to start at 10 a.m. local time (0700 GMT) on Wednesday, state media said, citing Iraqi Oil Minister Hayan Abdel-Ghani.
The KRG confirmed the agreement, saying in a statement the two sides would form a joint committee to prepare for resuming oil exports via the region's pipeline from Wednesday, with revenue to be returned to the federal treasury.
The two sides also agreed to take the necessary security measures to protect oilfields and ensure the continuity of export operations, the KRG said.
KRG Prime Minister Masrour Barzani said in a post on X the region would allow crude exports through the Kurdistan pipeline at the earliest possible time "in light of the exceptional circumstances the country is confronting."
"Discussions with Baghdad will continue to urgently lift restrictions on imports and trade to the region, and to provide the necessary guarantees to oil and gas companies to ensure they can resume production in a safe environment," he added.
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