A Turkish delegation visits Iraq to resume exporting Kurdistan’s oil

A Turkish delegation visits Iraq to resume exporting Kurdistan's oil

On Wednesday, Kamal Muhammad Salih, the Acting Minister of Natural Resources in the Kurdistan Regional Government, shared that a delegation from Turkey is planning to visit Iraq to discuss matters related to oil.
Muhammad stated that the export of oil from Kurdistan Region is set to resume, as preparations have been completed in collaboration with the Iraqi Ministry of Oil and SOMO Company. He further clarified that the matter of resuming the region’s oil exports is contingent upon Turkey and Iraq.
A technical delegation from the Turkish Ministry of Energy met with Iraqi officials in the oil sector on June 19 in Baghdad. The purpose of the meeting was to discuss the possibility of resuming oil exports from the Kurdistan Region through the Turkish port of Ceyhan. However, according to Reuters, no agreement was reached. Turkey had previously stopped exporting 450,000 barrels per day from the Kurdistan Region through the Iraqi-Turkish pipeline on March 25, 2023, following a ruling by the International Chamber of Commerce in Paris in favor of Baghdad in an arbitration case.
Iraq is the second largest oil producer in OPEC and exports 85% of its crude oil through southern ports. However, it still supplies around 0.5% of global oil through the northern route via Turkey. The Iraqi Oil Minister, Hayan Abdul-Ghani, recently confirmed that negotiations are ongoing with Turkey to resume exporting oil from Kurdistan Region through the port of Ceyhan.