Iraq's Oil Ministry has confirmed the completion of procedures for resuming the export of oil produced in the Kurdistan Region through Ceyhan Port in accordance with the mechanisms outlined in the Budget Law and its amendments and within Iraq's OPEC production quota.
In a statement on Saturday, the Ministry said it has called on Kurdistan authorities to hand over the produced quantities from operational fields to the State Oil Marketing Organization (SOMO) to begin exports via the Iraq-Turkey pipeline and Ceyhan Port, under contracts signed with the nominated companies.
Oil exports via the Iraq-Turkey Pipeline (ITP) were suspended in March 2023 following a dispute between Baghdad, Erbil and Ankara.