Iraq Kurds hope to resume oil exports after Baghdad offers higher cost payments
Arbil, Iraq (AFP) Nov 6, 2024
Authorities in Iraq's autonomous Kurdish region said Wednesday they hoped oil exports could resume "as soon as possible" after the federal government offered higher cost payments to producers. The region's oil exports have been at a standstill since March 2023 when the arbitration tribunal of the International Chamber of Commerce in Paris ruled oil exports by the regional government illegal.
Authorities in Iraq's autonomous Kurdish region said Wednesday they hoped oil exports could resume "as soon as possible" after the federal government offered higher cost payments to producers. The region's oil exports have been at a standstill since March 2023 when the arbitration tribunal of the International Chamber of Commerce in Paris ruled oil exports by the regional government illegal.
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