Iraq awaits Turkey's go-ahead to restart Kurdistan Region's oil exports
Also in Iraq
PM Sudani honors Iraqi doctor for humanitarian efforts in Gaza
Iraq may face 'important' decisions from Trump administration: Kurdish official
Syrian FM to visit Baghdad this week: Iraqi officials
Sudani confirms end of the US-led coalition mission
A+ A-
ERBIL, Kurdistan Region - Iraq is awaiting a response from Turkey 'within the next 24 hours' regarding the readiness of the pipeline designated for the Kurdistan Region's oil exports, an official from Iraq's oil ministry said on Sunday.
Mohammed Khudair, the ministry's undersecretary, told Iraqi state media that Baghdad's oil ministry had contacted Ankara 'to inquire about the readiness of the pipeline for exports through the Ceyhan port, and we are expecting an answer within the next 24 hours.'
Earlier in the day, the Kurdistan Regional Government (KRG) announced that it had reached an agreement with the Iraqi federal government to restart oil exports from the Kurdistan Region.
This announcement followed confirmation from Iraq's oil ministry on Saturday that the necessary procedures to resume production and exports from the Kurdistan Region had been completed. The ministry further urged Kurdish authorities to begin delivering oil to Iraq's State Oil Marketing Organization (SOMO), which will handle exports via the Iraq-Turkey pipeline.
Khudair emphasized that Iraq is committed to maintaining exports through the Ceyhan port as part of a strategic vision for strengthening Iraq-Turkey relations. He added that there is ongoing communication with the Kurdistan Region and Turkey to ensure smooth cooperation and continuous exports.
Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline were suspended in March 2023 after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated a 1973 pipeline agreement by allowing Erbil to begin independent oil exports in 2014.
Prior to the suspension, Erbil was exporting approximately 400,000 barrels of oil per day through the Iraq-Turkey pipeline, along with an additional 75,000 barrels per day from Kirkuk.
Khudair noted that the suspension created "challenges for oil fields in the Kurdistan Region, which now require a rehabilitation period to restore full production capacity." He added that the target is to reach 400,000 barrels per day, which is the minimum export quantity set in the federal budget.
Currently, Khudair said, 'the available export quantity in the region is 300,000 barrels per day, with a portion allocated for domestic consumption, and the remaining 185,000 barrels will be allocated for export.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraqi News
5 hours ago
- Iraqi News
Iraq to launch 350M IQD guarantor-free loans for young entrepreneurs
Baghdad ( – Iraq's Ministry of Labour and Social Affairs is in the final stages of launching a major new loan program to provide up to 350 million Iraqi dinars to young entrepreneurs without the need for a guarantor, spokesperson Hassan Khawam announced recently. This groundbreaking initiative is a collaboration between the Ministry, the International Labour Organization (ILO), the German Development Bank (KfW), and the Iraqi Company for Guarantees. It aims to empower aspiring business owners, particularly those who cannot secure the traditional requirement of a government employee guarantor. Under the new program, the applicant's project itself will serve as the guarantee. To qualify, candidates must participate in an intensive, specialized training course lasting over a month. During this period, local, regional, and international experts will help them develop every aspect of their business plan, from technical specifics and site selection to customer relations. The loan is granted only after successfully completing this comprehensive development phase. Khawam stated this program significantly expands on the Ministry's existing efforts, which include a smaller loan program (offering 20-50 million IQD) and the Mahan digital platform launched in 2023 to connect job seekers with employers. This new guarantor-free loan initiative marks a strategic step towards fostering self-employment and stimulating Iraq's private sector.
Iraqi News
5 hours ago
- Iraqi News
TotalEnergies supports Iraq's energy independence
Baghdad ( – France-based TotalEnergies' Gas Growth Integrated Project (GGIP) is intended to help Iraq develop its natural resources and achieve energy independence. TotalEnergies' GGIP project demonstrates the company's multi-energy approach and sustainable development concept and combines natural gas production, solar energy, and enhanced oil production, according to a statement released by the French firm. The project illustrates TotalEnergies' commitment to assisting oil- and gas-producing countries in moving forward with their energy transformation strategies. With Iraqi government assistance, TotalEnergies will invest in facilities to recover flared gas from three oil fields in the first phase and four other fields in the second phase to supply power plants, redevelop oil production at the Artawi field, build a seawater treatment plant to supply the wells, and build and operate a solar power plant to provide carbon-free energy. These projects have a cumulative investment of almost $10 billion. The GGIP project includes four sub-projects led by an alliance of TotalEnergies, Basra Oil Company (BOC), and QatarEnergy. The four projects are the Associated Gas Upstream Development (AGUP), which seeks to increase Artawi field output; the Artawi Gas Midstream Project (GMP), which is expected to prevent flaring and collect gas from several oil fields; the Common Seawater Supply Project (CSSP), which involves building a seawater treatment plant; and a one-gigawatt solar power plant spanning some 2,200 hectares near the gas treatment plant.
Iraqi News
5 hours ago
- Iraqi News
Al-Mathar Group acquires 4 Corners Creative Agency in major Iraqi ad sector move
Baghdad ( – In a significant move highlighting the dynamism of Iraq's creative sector, Al-Mathar Group has successfully completed a full acquisition of the leading 4 Corners Creative Agency. The deal, announced last week in June 2025, is a strategic step aimed at bolstering the agency's growth and expanding its footprint in local and regional markets. Founded in 2016 by Mr. Ameer Alaa, 4 Corners became a recognized success story, delivering integrated marketing campaigns for prominent local and international brands. Under the new ownership, Al-Mathar Group aims to transform the agency into a regional hub for advertising excellence. The agreement will see a new executive team lead the next phase of growth, focusing on innovation and expansion, while the original management transitions to advisory roles. This acquisition comes as Iraq's marketing and advertising sector experiences rapid growth. The landscape is quickly evolving from traditional methods to sophisticated digital-first strategies, driven by a young, tech-savvy population. This has attracted both international brands seeking local expertise and fostered a new wave of homegrown creative startups. Such acquisitions are a strong indicator of the sector's maturation, demonstrating significant investor confidence in the value and potential of Iraqi creative talent. Al-Mathar Group's investment in 4 Corners is more than a business transaction; it's a powerful endorsement of the potential within Iraq's burgeoning creative economy, signaling a new phase of strategic growth and consolidation in the market.
