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.

OIL: Iraq’s Northern Oil Exports To Resume Within Two Weeks

Last updated at:May-03 14:31By: Felicia Grosse

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.