Kurdistan oil exports: Iraq resumes supply after two-year halt; over $35 bn revenue lost during shutdown
Kurdistan oil exports: Iraq resumes supply after two-year halt; over $35 bn revenue lost during shutdown
Iraq has restarted oil exports from its Kurdistan region, ending a two-year suspension due to legal disputes and pipeline closures. Following agreements between Baghdad and Arbil, SOMO will now manage crude flows through the Iraq-Turkey pipeline. This crucial step, welcomed by the US, aims to recover significant lost revenue.
Iraq has restarted oil exports from its Kurdistan region, ending a two-year suspension due to legal disputes and pipeline closures. Following agreements between Baghdad and Arbil, SOMO will now manage crude flows through the Iraq-Turkey pipeline. This crucial step, welcomed by the US, aims to recover significant lost revenue.