Iraq instructs Turkey to restart northern exports
Formal orders from SOMO highlight progress in Baghdad-Erbil negotiations to implement a new framework for Kurdistan’s oil and revenue. All eyes are now on Turkey.
Turkish President Recep Tayyip Erdogan (right) receives Iraqi Prime Minister Mohammed Shia al-Sudani (left) in Ankara on March 21, 2023. (Photo credit: Prime Minister's Office)
Iraq has formally instructed Turkey to restart northern oil exports, signaling a breakthrough that could bring 475,000 barrels per day (bpd) of supply back onto global markets.
The federal government's oil marketing company, SOMO, "submitted an official request to the Turkish side on May 10 for the resumption of oil exports via the Kirkuk-Ceyhan pipeline," according to a statement from the Kurdistan Regional Government (KRG).
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