• Sunday, 28 April 2024
logo

U.S. Reaffirms Support for Resuming Oil Exports from Kurdistan Region

Gulan Media June 27, 2023 News
U.S. Reaffirms Support for Resuming Oil Exports from Kurdistan Region

The U.S. State Department has reaffirmed its support for the resumption of oil exports from the Kurdistan Region of Iraq.

State Department Spokesperson Matthew Miller said on Monday that the U.S. has been "clear on our position and our support for the resumption of oil exports from northern Iraq."

Oil exports from the Kurdistan Region to Turkey's Mediterranean port of Ceyhan were halted on March 25, after a court decision in a case that was first brought before it in 2014.

The Kurdistan Regional Government (KRG) had been using part of the Iraq-Turkey Pipeline (ITP) to Ceyhan to export its oil—some 370,000 bpd. In addition Iraq's federal government was using the pipeline to export 75,000 bpd, and the Iraqi exports were halted as well.

The court decision found that the KRG did not have the legal authority to export oil without the approval of the Iraqi federal government.

The U.S. has been a strong supporter of the KRG and has urged the Iraqi government to reach a resolution that would allow the resumption of oil exports from the Kurdistan Region.

"We continue to encourage the Iraqi government and the KRG to reach a mutually agreeable solution that would allow for the resumption of oil exports from northern Iraq," Miller said.

The halt in oil exports from the Kurdistan Region has had a significant impact on the region's economy. The KRG relies on oil revenues to fund its budget and pay for public services.

The Iraqi government has said that it is willing to allow the resumption of oil exports from the Kurdistan Region, but only if the KRG agrees to share the revenue with the federal government.

The KRG has said that it is willing to share some of the revenue, but it has not agreed to the federal government's terms.

The two sides are still in negotiations, and it is unclear when a resolution will be reached.

Top