Iraqi Efforts to Resume Oil Exports via Turkish Port of Ceyhan

The Iraqi Ministry of Oil announced in a statement that it is calling for a meeting "as soon as possible" with the Kurdish Ministry of Energy and international companies operating in the Kurdistan Region of Iraq, in efforts to reach an agreement to resume oil exports via the Turkish port of Ceyhan. Oil exports through the pipeline between Iraq and Turkey, which accounted for about 0.5 percent of global oil supplies, have been halted due to legal and financial obstacles since March 2023. Negotiations to resume exports have also been put on hold. The sharing of oil revenues between the Iraqi federal government and the semi-autonomous Kurdistan Region has been a source of tension between the two sides. The flow of oil through the pipeline stopped after the International Chamber of Commerce, based in Paris, determined that Turkey violated the terms of the 1973 agreement by facilitating oil exports from the semi-autonomous Kurdish region without the approval of the federal government in Baghdad.