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Iraq’s Northern Oil Exports To Resume Within Two Weeks

OIL

Iraq expects to reach an agreement with the KRG to restart oil export flows from the Kurdistan Region within two weeks, Oil Minister Hayan Abdel-Ghani said.

  • The two government have not yet reached an agreement, Abdel-Ghani said.
  • Reports last week from an Iraqi government spokesperson suggested technical matters holding back oil flows but this should only take a short period to resolve.
  • Turkey halted pipeline flows from the northern fields on 25 March after an international arbitration tribunal ruled that it had to pay around $1.5bn in damages to Iraq for facilitating KRG sales via Ceyhan.

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