KRG export outage continues as negotiations falter
Oil companies are beginning to shut down oil production after a landmark arbitration ruling that led Turkey to halt Iraq's northern exports.
Iraqi Prime Minister Mohammed Shia al-Sudani (left) meets with KRG President Masrour Barzani (right) in Erbil on March 14, 2023. (Photo credit: Prime Minister's Office)
SULAIMANIYA - Foreign oil companies in the Kurdistan region have started to shut down production, four days after Turkey halted Iraq's northern oil exports in response to a landmark international arbitration ruling.
Despite dispatching negotiating teams to Baghdad, leaders in the Kurdistan Regional Government (KRG) have not been able to strike a deal to resume oil exports with their counterparts in the federal government, and there is no indication a quick resolution can be reached.
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