Iraqi Oil Ministry calls for immediate resumption of oil exports from Kurdistan Region

Iraq's Oil Ministry also invited the Kurdistan Regional Government (KRG) Ministry of Natural Resources and companies operating in the region to meet in Baghdad as soon as possible.
An engineer walks in the grounds of the Khurmala oilfield, 10Km south of Erbil, the capital of Kurdistan Region, July 18, 2009. (Photo: Safin Hamed/AFP)
An engineer walks in the grounds of the Khurmala oilfield, 10Km south of Erbil, the capital of Kurdistan Region, July 18, 2009. (Photo: Safin Hamed/AFP)

ERBIL (Kurdistan24) – The Iraqi Oil Ministry in a statement on Tuesday called for the immediate resumption of oil exports from the Kurdistan Region.

Iraq's Oil Ministry also invited the Kurdistan Regional Government (KRG) Ministry of Natural Resources and companies operating in the region to meet in Baghdad as soon as possible.

In the statement, the ministry said the meeting's goal was to discuss the export of oil from the Kurdistan Region through the Ceyhan port in accordance with the agreement.

The amount of oil exports will be determined by the budget law, according to the statement.

Iraq has lost $11 billion in revenue and $400 million in investments by APIKUR member companies following the suspension of oil exports from the Kurdistan Region through the Iraq-Turkey pipeline.

Despite the readiness of the Turkish and Kurdistan Regional Governments (KRG), Iraq is still not ready to resume oil exports.