Progress in talks on northern exports

Iraqi Oil Minister Hayan Abdul Ghani said that progress has been made in talks with officials from the Kurdistan region and representatives of international companies operating in it to reach an agreement to resume oil exports via a pipeline reaching the Turkish port of Ceyhan.

“There is progress in today’s meeting, and we expect to reach an understanding within the next few days,” Abdul Ghani said in an interview with the state-owned Al-Iraqiya channel.

The oil pipeline between Iraq and Turkey, which once transported about 0.5 percent of global oil supplies, has been experiencing a crisis for more than a year after its closure amid legal and financial obstacles to resuming flows from the region.

Sunday’s meeting in Baghdad, which was attended by Minister Abdul Ghani and officials from the Ministry of Natural Resources in the Kurdistan Region, came after an invitation sent by the Ministry of Oil last month to the Kurdish authorities and international energy companies to meet and discuss the resumption of exports.

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