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Iraq To Restart Oil Flows From Kurdistan This Week

OIL

Oil exports from Iraq’s Kurdistan region could resume this week as only technicalities remain to implement the agreement between the Iraqi federal government and the KRG, Iraqi Prime Minister Mohammed Shia Al-Sudani said.

  • “Today or tomorrow we will go to sign the agreements with SOMO and the oil companies to resume exports. It is possible within this week to resume oil exports”, Al-Sudani said on Monday.
  • Flows from northern Iraq to Turkey’s Ceyhan oil terminal halted in March.
  • On April 4, Erbil and Baghdad signed a temporary agreement to get the oil flowing again but flows have not yet resumed since then, taking 400-450kbpd of crude oil off the market.

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