Iraq: Kurdistan rejects resumption of exports, demands an end to the dollar ban

A government official in Iraqi Kurdistan said: "The region welcomes the use of the pipeline to export oil, provided that the dollar embargo imposed on the region is lifted.".

The Iraqi Ministry of Oil, in a statement, indicated that these conditions can be discussed later in parallel with the resumption of oil exports, as the delay in exporting will deprive Iraq of some financial resources as part of the compensation for stopping exports from the southern outlets.

The higher interest

The Iraqi Ministry of Oil renewed its request to resume exports immediately, based on the supreme national interest and in accordance with the constitution and the budget law.

The ministry indicated that it had continuously requested the Ministry of Natural Resources in the Kurdistan Region since the beginning of the regional crisis to resume exports in quantities not exceeding 300,000 barrels via the export pipeline within the region towards the port of Ceyhan, in addition to the quantities of oil from the fields within the region that were exported before the current circumstances, amounting to no less than 200,000 barrels per day, noting that the pipeline's export capacity is around 900,000 barrels per day.