Iraq and Kurdistan Reach Deal to Resume Oil Exports Via Turkey
Men stand near tank trucks at a market for fuel oil and automotive fuel in Erbil, Iraq on March 17.
Photographer: Sedat Suna/Getty Images
Iraq agreed with Kurdistan to resume oil exports through a pipeline in the semi-autonomous region, a boost for OPEC’s second-largest producer after the closure of the Strait of Hormuz forced output cuts.
The shipments will resume on Wednesday at 10 a.m. local time, the Kurdish Rudaw news service reported, citing Iraqi Oil Minister Hayyan Abdul-Ghani. Kurdistan’s government confirmed the resumption in a statement.