FRANK26: "FLOW OF OIL FROM TURKEY = A NEW EXCHANGE RATE... OR THERE WOULD BE NO FLOW!!!", 20 FEB

 KTFA

FRANK26: "FLOW OF OIL FROM TURKEY = A NEW EXCHANGE RATE... OR THERE WOULD BE NO FLOW!!!"........F26

Exporting the region's oil" on the table of Nechirvan Barzani and the Turkish Foreign Ministry

2/18/2025

 

Tuesday, the President of the Kurdistan Region, Nechirvan Barzani, discussed with the Turkish Deputy Foreign Minister, Beris Akinci, the file of re-exporting oil to Turkey .

According to a presidential statement received by Shafaq News Agency, the two sides discussed relations between Turkey, Iraq and the Kurdistan Region, with a focus on joint cooperation in the energy sector and water resources management, in addition to efforts to resume the region's oil exports .

According to the statement, the two parties expressed their "hope for the approval of the Iraqi general budget law, as it is an important step to pave the way for the resumption of oil exports. They also discussed the technical and legal preparations and procedures related to the export process, and its repercussions on the Iraqi economy and the Kurdistan Region."

In turn, Nechirvan Barzani pointed out that "resuming the export of the region's oil is in the interest of Iraq as a whole, and enhances the financial revenues of the general budget," stressing "Kurdistan's readiness to enhance cooperation with Turkey in the energy sector."

For her part, Akinci expressed her "satisfaction with the ongoing understandings between Erbil and Baghdad regarding the resumption of oil exports, stressing Ankara's full support for this process. She also discussed the water file with officials in the region, and expressed Turkey's readiness for joint cooperation in managing water resources, and dealing with the repercussions of climate change in coordination with Iraq."

The meeting also discussed a number of issues of common interest, in the presence of the Turkish Consul General in the Kurdistan Region .

Last Sunday, Iraqi President Abdul Latif Jamal Rashid approved the first amendment to the Iraqi federal budget law regarding the export of oil from the Kurdistan Region through the National Oil Marketing Company (SOMO).

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