News from Today18 Sep 2025 14:29
Iraq and the Kurdistan regional government (KRG) have reached an agreement to resume oil exports via a pipeline to Turkey, the KRG said on Thursday.
The agreement followed negotiations of more than three weeks in Erbil and ends a rift that has halted the flow of oil via the 970km Kirkuk-Ceyhan pipeline for more than two years.
Officials from the Iraqi oil ministry and the KRG’s ministry of natural resources signed the accord on Wednesday after intensive talks and field visits to Kurdistan’s oilfields, the KRG ministry said on its website.
“Under the agreement, the export quantities will be determined according to daily production at Kurdistan’s oilfields and after excluding 50,000 barrels per day for domestic use in Kurdistan,” the statement said.
Produced oil will be handed to Iraq’s state oil-marketing organisation and crude exports will resume…………
Should see buyers at again before the weekend.