Iraq expects deal to resume Kurdistan oil output within three days

Iraqi oil minister Hayan Abdel-Ghani expects to reach an agreement with the Kurdistan Regional Government (KRG) and foreign oil companies to resume oil production from the Kurdish region’s oilfields within three days, he said on Sunday.
Abdel-Ghani said during a visit to Erbil, the capital of Iraq’s semi-autonomous Kurdistan, that Iraq has reached an “understanding” with Turkey in relation to resumption of northern oil exports through the Iraq-Turkey pipeline.
Turkey halted 450,000 barrels per day (bpd) of northern exports through the Iraq-Turkey pipeline from March 25 after an International Chamber of Commerce (ICC) arbitration ruling.
The ICC ordered Ankara to pay Baghdad damages of about $1.5 billion for unauthorised exports by the KRG between 2014 and 2018.
Abdel-Ghani and top federal oil officials on Sunday started meetings with the KRG’s ministry of natural resources and senior Kurdish energy officials to discuss the matter.