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Iraq says oil exports from Kurdish region by way of Turkey set to resume

  • Iraq's Oil Ministry announced the resumption of oil exports from the Kurdish region after nearly two years of suspension due to a legal dispute.
  • The ministry completed the necessary procedures for restarting shipments through Turkey's Ceyhan port, following the arbitration ruled in Baghdad's favor.
  • Iraq's federal government requires the Kurdistan Regional Government to deliver its oil production to the State Organization for Marketing of Oil for export.
  • The announcement came after the Iraqi parliament approved a budget amendment to address oil transportation costs and require cooperation between regions.
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Bloomberg broke the news in United States on Saturday, February 22, 2025.
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