Kurdistan Oil Exports Set to Resume as Disputes Near Resolution
Officials indicate that oil exports from the Kurdistan Region of Iraq may recommence shortly, as significant disputes between the Kurdistan Regional Government (KRG) and the federal government appear to be nearing resolution. Iraqi government spokesman Bassem Awadi stated that discussions have progressed, and another meeting is anticipated to finalize the details.
Awadi noted, “Last week, a meeting was held to discuss the export of oil from the Kurdistan Region. We are in the final stages of resolving the disputes, and all major obstacles to oil exports have been cleared.” He emphasized the collaborative efforts between the federal government and the KRG to address remaining issues.
As actions unfold, Awadi confirmed that oil exports from the Kurdistan Region could potentially resume within the current month.
In related developments, on February 2, 2025, the Iraqi parliament approved an amendment to the general budget law regarding the production, transportation, and delivery of oil in the Kurdistan Region. This amendment set the cost of production and transportation of a barrel of oil at $16 and specified that the Kurdistan Region is obligated to deliver 400,000 barrels of oil daily.
Oil exports from the KRG and Kirkuk through Turkey have been suspended since March 23, 2023, following a ruling by an international mediation court in Paris. The resumption of these exports is expected to enhance the economic landscape for both the Kurdistan Region and Iraq as a whole.
