A year after the halt of the Iraq-Turkey oil pipeline, there has been no progress in resuming flows, severely impacting the economy of Iraq's Kurdistan Region. Discussions between Iraqi and US officials, including the Iraqi Minister of Foreign Affairs, Fuad Hussein, and the US Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein, have taken place regarding the role of foreign businesses in Iraq's oil industry. Oil producers in the Kurdistan Region have reported slow progress in reopening the pipeline, which was closed following an arbitration court ruling. The closure has resulted in significant financial losses for Iraq, with estimates of $11 billion to $12 billion by the Association of the Petroleum Industry of Kurdistan (APIKUR), noting that about 450,000 barrels per day of crude once flowed through the pipeline. Over five months last year, the Kurdistan Regional Government handed over 11.8 million barrels of oil to Baghdad. The delay in restarting crude exports from the Iraqi Kurdistan region is being attributed to foreign firms by Iraq, with both Iraq and oil firms blaming each other for the delays.
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#Iraq and Oil Firms Blame Each Other for Key Oil Pipeline Delays Firms are refusing to deliver crude to Baghdad, ministry says āHavenāt seen any proposalā for resuming exports: companies #oott https://t.co/B5hEJGJjMn
Iraq and oil firms blame each other for key oil pipeline delays https://t.co/6Fcky1hyMX
#Iraqās oil ministry says that foreign companies operating in Iraqi Kurdistan were partly to blame for the delay in resumption of crude exports from the region. https://t.co/aT3MyuRjwe
Iraq blames foreign firms for delay in crude export restart from Iraqi Kurdistan region https://t.co/IjT55KoIGj https://t.co/8xJGPpeRSS
#Iraq blames foreign firms for delay in crude exports restart from Iraqi Kurdistan region #oott https://t.co/oMi68gcuWm
#Iraq: Over five months last year, Erbil handed over 11.8 million barrels of oil to Baghdad, the Kurdistan Regional Governmentās (KRG) Finance Minister Awat Shekh Janab said on Saturday. #oott https://t.co/9SlNCmRNrD
š¢ļø About 450,000 barrels per day of crude once flowed through Iraq's northern oil export route via Turkey, and its closure has led to the loss of roughly $11 billion to $12 billion for Iraq, the Association of the Petroleum Industry of Kurdistan (APIKUR) estimates. https://t.co/GAzXCmKNjv
#Iraq: The Iraqi Minister of Foreign Affairs, Fuad Hussein, and the US Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein, discussed on Friday the role that foreign businesses play in Iraqās oil industry and the process of investing inā¦
#Iraq: Oil producers in the Kurdistan Region on Saturday said progress was slow to reopen the Iraq-Turkey oil pipeline, on the one year anniversary since its closure directed by an arbitration court ruling, severely jeopardizing Erbilās economy.Ā #oott https://t.co/l2eVKTvCfF
A year after #Iraq-#Turkey pipeline halt, no progress to resume flows #oott https://t.co/Rhc0n5wOSV