Erbil and Baghdad have reached an agreement on resuming Kurdistan’s oil exports, and a committee has been formed to inspect the pipelines. Oil exports from Kurdistan are set to resume after the committees complete their work, putting Kurdistan back on the global energy map.
The Kurdistan Regional Government’s negotiating delegation indicated that yesterday, Sunday, February 23, 2025, after communication and coordination between the Federal Oil Ministry and the Kurdistan Regional Government’s Ministry of Natural Resources, an agreement was reached to resume the region’s oil exports according to available quantities.
According to the statement from the Kurdistan Regional Government’s negotiating delegation, today, Sunday, a joint technical team has been formed between both sides to inspect Kurdistan’s oil export pipelines.
The statement mentions, “In this regard, we reaffirm our commitment to implementing the provisions of the federal general budget law.”
This comes as yesterday, Saturday, February 22, 2025, the Iraqi Oil Ministry announced that all procedures for resuming Kurdistan Region’s oil exports through Turkey’s Ceyhan port have been completed.
Previously, Reuters agency, citing eight different sources, indicated that the Donald Trump administration had warned Iraq to resume Kurdistan Region’s oil exports as soon as possible.
Kurdistan Region’s oil exports have been suspended for nearly two years, resulting in approximately $26 billion in losses to Iraq’s and Kurdistan Region’s economy, while also destabilizing the global energy market.