Iraq and Turkey to Resume Northern Oil Exports After KRG Deal
TL;DR Summary
Iraq's federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, and Baghdad will write to Turkey to request a resumption in pipeline flows. The resumption of pipeline flows from Iraq's semi-autonomous Kurdistan region will still need approval from Turkey. The halted flows only account for about 0.5% of global oil supply, but the stoppage still helped boost oil prices last week back to near $80/bbl.
- Iraq to ask Turkey to restart northern oil exports after initial KRG deal Reuters
- Iraq, KRG reach deal to resume oil exports: Kurdish official Al Jazeera English
- Iraq, Kurds Agree to Resume Oil Exports Through Turkey This Week Bloomberg
- Baghdad and KRG close to deal to resume Iraq's northern oil exports Reuters.com
- Iraqi federal and Kurdish officials reach oil export deal The Washington Post
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