US EditionIraq says oil exports from Kurdish region by way of Turkey set to resume
- Iraq's oil ministry announced that oil exports from the Kurdistan region are expected to resume soon, adding approximately 400,000 barrels per day to market supplies.
- The resumption follows nearly two years of halted exports due to a dispute over authorization for Kurdish oil flows, which began in March 2023.
- Oil Minister Hayyan Abdul Ghani mentioned that exports from Kurdistan could resume as soon as Iraq receives Turkish approval for the pipeline shipment.
- Iraq plans to export 185,000 bpd through the Iraq-Turkey pipeline once shipments restart.
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…
Associated Press News
Iraq says oil exports from Kurdish region by way of Turkey set to resume
Iraq’s oil ministry has announced the resumption of oil exports from northern Iraq’s semi-autonomous northern Kurdish region. The exports had been halted for nearly two years after the International Chamber
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