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Iraq: Deal Reportedly Reached to Resume Oil Shipments Through Kurdistan Region

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Iraq: Deal Reportedly Reached to Resume Oil Shipments Through Kurdistan Region

Post by GirlBye on Mon Oct 29, 2018 8:01 pm

What Happened: Former Iraqi Prime Minister Haider al-Abadi struck a deal in October with the Kurdistan Regional Government (KRG) to resume oil exports through the KRG to the Turkish port of Ceyhan, Reuters reported Oct. 26, citing anonymous sources.

Why It Matters: Such a deal could eventually boost Iraq's oil exports and effectively double the output from northern Iraq, though Kurdish doubts or disagreements could derail the agreement.

Background: Production in the Kurdistan region of Iraq has been highly limited since October 2017, when al-Abadi ordered Iraqi security forces to retake control of disputed territories, including Kirkuk.

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