The Federal Ministry of Oil has confirmed the crowning glory of procedures for resuming the export of oil produced within the Kurdistan area thru Ceyhan Port (pictured), according with the mechanisms mentioned in the budget law and its amendments and within Iraq’s OPEC production quota.
In a assertion on Saturday, the Ministry stated it has known as on Kurdistan authorities handy over the produced portions from operational fields to the country Oil advertising and marketing employer (SOMO) to start exports via the Iraq-Turkey pipeline and Ceyhan Port, underneath contracts signed with the nominated companies.
sources advised Reuters that U.S. President Donald Trump’s management placed stress on Baghdad to allow oil exports from the region, to offset a potential fall in Iranian oil exports because of expanded sanctions on Iran. Reuters provides that Farhad Alaaldin, a foreign affairs adviser to the Iraqi prime Minister, denied that there were a hazard of sanctions or pressure on the authorities.
Oil exports through the Iraq-Turkey Pipeline (ITP) have been suspended in March 2023 following a dispute among Baghdad, Erbil and Ankara.
