Turkey offers support to resolve Erbil-Baghdad oil export issue

Highlighting the importance of transparency, Bayraktar indicated that Turkish President Recep Tayyip Erdogan's upcoming visit to Baghdad on Monday may also include a potential stop in Erbil.
An petroleum facility in the Kurdistan Region. (Photo: Archive)
An petroleum facility in the Kurdistan Region. (Photo: Archive)

ERBIL (Kurdistan 24) - In a recent television appearance, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar expressed Turkey's readiness to assist in resolving the ongoing oil export dispute between Erbil and Baghdad.

Highlighting the importance of transparency, Bayraktar indicated that Turkish President Recep Tayyip Erdogan's upcoming visit to Baghdad on Monday may also include a potential stop in Erbil.

Bayraktar emphasized the significant capacity of the pipeline connecting Turkey and Iraq, capable of exporting up to 1.4 million barrels of oil per day. Despite this capacity, the pipeline has yet to reach its full potential, a matter Bayraktar hopes to address.

Addressing concerns about delays in oil exports, Bayraktar clarified that Turkey has been prepared for oil exports since October 4 of the previous year, suggesting that the issue lies beyond Turkish involvement.

In related developments, Iraqi Oil Minister Hayyan Abdul Ghani recently affirmed plans to resume oil production and exports from the Kurdistan Region, with daily production estimated at 375,000 to 400,000 barrels, as outlined in the Iraqi budget.

Read More: Iraq, Kurdistan Region in talks to resume oil exports, says Iraqi Oil Minister

The suspension of oil exports from the Kurdistan Region via the Iraq-Turkey pipeline over the past year has led to significant economic losses for Iraq, totaling $11 billion in revenue and $400 million in investments from APIKUR member companies.

Read More: KRG oil export suspension threatens global energy balance, warns expert

Despite the willingness of both Turkish and Kurdistan Regional Governments to address the issue, Iraq has yet to signal readiness to resume oil exports. APIKUR, representing oil companies, stresses the importance of prompt resumption of exports and urges adherence to previously agreed terms.

Read More: APIKUR optimistic about KRG's oil pipeline ahead of White House meeting

The developments highlight ongoing efforts to navigate challenges in the region's oil sector, underscoring the importance of cooperation and dialogue between stakeholders to ensure stability and prosperity.