Iraq and Kurdistan Resolve Pipeline Dispute, Oil Exports to Resume

Iraq's oil ministry announced that procedures are complete for resuming oil exports through the Iraq-Turkey pipeline. This follows a resolution of a dispute between Baghdad and Erbil, with technical talks held to finalize export details, including payment mechanisms for oil companies and a new budget amendment.

Iraq's oil ministry announced on Saturday that all necessary procedures have been completed to allow the resumption of oil exports through the Iraq-Turkey pipeline.

According to Iraq's oil minister, exports from the semi-autonomous Kurdistan region are set to resume next week, bringing an end to a nearly two-year dispute that interrupted crude flows amidst improving relations between Baghdad and Erbil.

The resolution follows technical discussions between Iraq's federal government and the Kurdistan Regional Government to finalize details like payment mechanisms that are agreeable to oil companies. This announcement comes after the Iraqi parliament approved a budget amendment setting oil transport costs in Kurdistan.