The federal Parliament of Iraq is set to discuss next week the new bill on oil exports, a Kurdish MP told Kurdistan24,
adding he was optimistic an agreement with all parties, including the Shiite ones, can be reached. The federal government of Iraq and the semi-autonomous region of Kurdistan have been at odds about Kurdistan ’s oil exports and revenues for a decade now. Kurdistan ’s oil production of about 450,000 barrels per day bpd has been shut-in for a year and a half now, after a legal decision in March 2023 and a row on who and how gets the revenues.
Earlier this week, Iraqi media reported that the federal Iraqi government had decided to start delivering crude oil from Kurdistan to the state-owned oil company or the oil ministry. The price that Baghdad is going to pay to the regional government of Kurdistan is yet to be determined. The impasse regarding Kurdistan’s oil exports followed an International Chamber of Commerce ruling in March 2023 in a dispute between Turkey and Iraq regarding Kurdistan's oil.
Oil Oil Exports Kurdistan Energy Geopolitics
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