A source in the Turkish Ministry of Energy and Natural Resources said Iraq has not informed the ministry about the resumption of oil exports from the Kurdistan Region.

The source told a Channel8 correspondent in Ankara that Turkey has not been notified whether oil exports will resume today or tomorrow.

According to the source, Turkey has been warned several times over the past two years to take measures for the exports.

The source claimed that although Turkey has taken the necessary steps, oil has not yet been exported.

Tripartite Agreement Expected to Be Signed Today

The source statement comes as a tripartite agreement between the Kurdistan Regional Government (KRG) Ministry of Natural Resources, the Iraqi Ministry of Oil, and oil companies on oil exports is expected to be signed today.

The agreement stipulates that 50,000 barrels per day will go toward domestic consumption in the Kurdistan Region, while the remainder will be handed to SOMO for export.

Shakhawan Abdullah, Deputy Speaker of the Iraqi Parliament, confirmed that the oil revenue agreement between the Kurdistan Region and the Iraqi government has been finalized. Meanwhile, speaking to Channel8, Iraqi parliament member Karwan Yarwais stated the three sides have agreed on the content, and it only remains to be signed, provided there are no obstacles or cancellations.

Export Halt Since March 2023

Since March 2023, crude oil exports through the Iraq-Turkey pipeline have been suspended due to ongoing legal and financial disputes.

Before the suspension, the Kurdistan Region was producing 408,038 barrels per day, with 358,970 barrels exported via pipeline, according to Deloitte’s latest independent audit. The halt in exports has caused losses exceeding $20 billion for both the KRG and Iraq.