$4B KRG Debt Hindering Iraq-Turkey Export Agreement
The central government is negotiating an agreement with Turkey to export oil from the KRG and Kirkuk through the KRG’s oil pipeline.
The central government is negotiating an agreement with Turkey to export oil from the KRG and Kirkuk through the KRG’s oil pipeline.
Turkish President Tayyip Erdogan voiced his support for the Iraqi government’s plan to reopen the Kirkuk-Ceyhan pipeline.
Following the Iraqi government’s seizure of key oilfields and infrastructure in Kirkuk, Kurdish crude oil exports to Turkey have more than halved
In a move that could weaken the Kurdistan Regional Government (KRG), the Iraqi Oil Ministry said that it would reopen the federal Kirkuk-Ceyhan pipeline to Turkey.
The Prime Minister of Iraq, Haider El Abadi, indicated that revenues from the northern, autonomous Kurdish region belong to central government.
Following the independence referendum held by the Kurdish Regional Government (KRG) earlier this week, Iran has halted the trade of petroleum products.
The Iraq government called on the international community to cease importing crude oil from the autonomous region controlled by the Kurdistan Regional Government.