Kurdistan Region oil exports via Ceyhan Port to be resumed

Economy

22-02-2025, 17:49

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Baghdad - INA

The Ministry of Oil announced today, Saturday, the completion of procedures to resume exporting oil produced in the Kurdistan Region via Ceyhan Port according to the mechanisms set forth in the Budget Law and its amendment and within the production ceiling specified for Iraq in OPEC.

The ministry said in a statement - received by the Iraqi News Agency (INA): "The procedures for resuming the export of oil produced in the Kurdistan Region via Ceyhan Port have been completed according to the mechanisms set forth in the Budget Law and its amendment and within the production ceiling specified for Iraq in OPEC."

The ministry requested - according to the statement - the authorities of the region to "hand over the quantities produced from the operating fields to the Oil Marketing Company to start exporting via the Iraqi-Turkish pipeline and Ceyhan Port in accordance with the contracts signed with the nominated companies."