The Iraqi Ministry of Oil has announced the successful completion of procedures necessary for the resumption of oil exports from the Kurdistan Region. The ministry is urging the regional authorities to deliver the produced oil quantities to the oil marketing company.
In a recent statement, the ministry confirmed, “The procedures for resuming the export of oil produced in the Kurdistan Region via the port of Jihan have been completed. This is in accordance with the mechanisms established in the budget law and its amendments, and within the production ceiling set for Iraq by OPEC.”
The Ministry of Oil emphasized the need for regional authorities to “hand over the produced quantities from the fields to the oil marketing company for direct export through the Iraqi-Turkish pipeline and Mawlajhan, based on the contracts signed with the designated companies.”
Additionally, Farhad Aladdin, the Foreign Affairs Adviser to the Iraqi Prime Minister, has refuted claims that the United States threatened to impose sanctions on Iraq if oil exports from the Kurdistan Region did not resume.
Recent reports have highlighted the pressure exerted by the U.S. government aiming to expedite the resumption of oil exports from the Kurdistan Region via the Turkish Jihan pipeline. This pressure has been likened to the measures taken against Iran’s economy.
Sources with direct knowledge of the situation have indicated that escalating U.S. pressure was a key factor behind the Iraqi Oil Minister’s announcement on Monday regarding the anticipated resumption of exports from the region.