Iraq’s oil ministry is prepared to restart oil exports via a Turkish pipeline after two years of inactivity. However, disputes with the Kurdish government persist, and technical and financial issues have delayed the reopening. Recent adjustments to Iraq’s budget indicate progress toward resolving these tensions and facilitating exports.

Iraq’s oil ministry has reiterated its readiness to restart oil exports from the Kurdistan region through a pipeline to Turkey that has been non-operational for nearly two years. Despite this declaration, a longstanding dispute between the Kurdish authorities and the central Iraqi government remains unresolved. Both parties have previously indicated their ability to resume oil flows, yet the pipeline has not been reopened as of now.

In summary, the potential resumption of oil exports from the Kurdistan region hinges on resolving disputes between Iraqi Kurdistan and the central government, as well as adhering to OPEC+ output agreements. Recent legislative changes suggest movement toward a resolution, yet technical negotiations continue to be a barrier.

Original Source: www.energyconnects.com