Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday.
Turkey stopped pipeline flows from the Kirkuk fields in northern Iraq's semi-autonomous Kurdistan region to its port of Ceyhan on March 25, after it lost an arbitration case brought by Baghdad.by allowing the Kurdish government to export oil without Baghdad's consent between 2014 and 2018.
An initial agreement between the two sides states that Iraq's northern oil exports will be jointly exported by Iraq's state-owned marketing company SOMO and the KRG's ministry of natural resources , according to two of the sources – a senior Iraqi oil official and a KRG official. The preliminary agreement has been sent to Iraq's prime minister for final approval, according to two of the sources. The KRG source expects the deal to be confirmed by Monday.
Baghdad and the KRG have agreed to continue meetings following the resumption of oil exports to find solutions to other lingering problems.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Recent events in Syria, Iraq expose aims of terrorist supporters: TürkiyeLatest developments in Syria and Iraq have been 'instrumental in understanding the real intention of those who continue to equip' the PKK terror group and its affiliates, Türkiye's National Security Council says
Read more »
Sens. Lee, Romney vote differently on repeal of Iraq military authorizationsOn Wednesday, the U.S. Senate voted in favor of legislation that revokes the legal authority of presidents to use force in Iraq, returning the power back to Congress.
Read more »
Explainer: What is the Iraq-Turkey oil pipeline dispute and who's on the hook?An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
Read more »
This Woman's Family Fled From American Terror During The Iraq War. Here's How It Still Haunts Her Today.After 20 years, Dina Al Bayati remains scarred by the conflict that “everyone lost.”
Read more »
Portion of southbound 5 freeway in far north LA County to close tonight for repairsThe series of storms that have hit Southern California caused a landslide that damages part of the 5 Freeway. Crews will repair it this weekend.
Read more »
After 10 Years, Lisa Vanderpump’s West Hollywood Restaurant Pump Could CloseReality TV star Lisa Vanderpump’s West Hollywood restaurant, which opened in 2014, could very well close soon unless the restaurant manages to work out a new long-term lease (via eaterla)
Read more »