In a statement, the Iraqi Ministry of Oil announced the completion of the procedures for the resumption of oil export through the Iraqi -Turkish pipeline.
“The Federal Oil Ministry confirms the completion of the procedures for the resumption of export of oil produced in the Kurdistan region through the port of Jihan in accordance with the mechanisms drawn up in the budget law and amending it and within the production ceiling
Specific for Iraq in OPEC.
The Iraqi Oil Minister Hayyan Abdul -Ghani said last Monday that oil exports from the Kurdistan region will resume soon, so that a continuous conflict will be resolved nearly two years ago that resulted in the disruption of crude flows, amid the improvement of relations between Baghdad and Erbil.
Sources told Reuters that the administration of US President Donald Trump is pressuring Iraq to allow oil exports to resume from Kurdistan or to face sanctions like Iran. An Iraqi official later denied pressure or threat to impose sanctions.
The Iraqi federal government and the Kurdistan Regional Government held technical talks after the Minister of Oil Minister’s statements to develop the necessary details to resume exports, such as the acceptable payment mechanism for oil companies.
The announcement of the Iraqi Oil Minister comes after the approval of the Iraqi parliament on February 2 to an amendment to the budget, set the amount of compensation for the costs of oil production and transport it in Kurdistan at $ 16 a barrel.
The amendment also requires the Kurdistan Regional Government to transfer its oil production to the Iraqi Oil Marketing Company (Sumo), which is run by the state.
In a statement today from the Kurdistan Regional Government today, the Ministry of Oil asked the handover of crude oil to Sumo to resume exports.
Turkey stopped oil flows through the Jihan line coming from Iraqi Kirkuk in March 2023 after the International Chamber of Commerce ordered Ankara to pay compensation to Baghdad of 1.5 billion dollars for oil exports without permits for the Kurdistan Regional Government through pipelines between 2014 and 2018.
In a statement last month to Al -Jazeera Net, the Iraqi expert in the field of economics and energy, Kovand Sherwani, said that “the export of the export of the Kurdistan region of Iraq, whose production was more than 400 thousand barrels per day since March 2023, has caused losses to the Iraqi economy ranging from 19 to 20 billion A dollar, which is the value of oil that could have been sold during this period. “
He added that foreign production and transport companies operating in the region were also caused by tens of millions of dollars in this stop.
