Iraq is set to recommence oil exports from the Kurdish region to Turkey following a hiatus of over two years, marking what Prime Minister Shia al-Sudani described as a 'historic agreement' with the Kurdish regional government.
The state-controlled SOMO will oversee the exportation of crude from Kurdish oil fields via a pipeline to Turkey. According to the Kurdistan Regional Government, oil exports will resume within 48 hours post the tripartite accord involving Iraq's oil ministry, the KRG's natural resources ministry, and several production companies. The vital Kirkuk-Ceyhan pipeline went offline in March 2023 after Turkey was mandated to pay Iraq $1.5 billion in damages for unauthorized Kurdish oil exports.
The Iraqi oil ministry confirmed it would deliver all Kurdish crude intended fo