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OIL: Kurdistan Talks Progress with Deal in Coming Days: Iraq Oil Minister

OIL

Talks with Kurdistan region officials and representatives of international companies have progressed and a deal to resume oil exports via the Iraq-Turkey oil pipeline could be expected in the coming days, said Iraq's Oil Minister Hayan Abdel-Ghani to state owned Iraqiya TV.

  • The Iraqi oil ministry, Kurdistan’s Ministry of Natural Resources and international oil companies met on Sunday in Baghdad to discuss resuming production and exports.
  • The talks are expected to focus on the Kurdistan Regional Government's (KRG) production-sharing energy contracts and the oil production costs claimed by foreign oil companies, said an official.
  • Iraq’s government and oil companies working in the country’s north have previously blamed each other for delays in resuming the pipeline. The pipeline that previously handled about 0.5% of global oil supplies has faced numerous false starts since a halt in March 2023.
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