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Iraq Expect Deal with KRG Within 2 Weeks

OIL

Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) to restart oil export flows from Kurdistan within two weeks according to Iraq’s oil minister Hayan Abdel-Ghani.

  • Baghdad and the KRG signed a temporary agreement on April 4 to restart northern oil exports. Efforts to restart flows faced further setbacks as the two governments iron out several aspects of the deal – one of which is the bank account used for the oil sales.
  • The disruption has kept about 450,000 bpd of crude off the market, a driving force for crude in March.

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