US pushes to Resume Oil Exports from Iraqi Kurdistan, 21 MARCH

US pushes to Resume Oil Exports from Iraqi Kurdistan

By John Lee.

The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crude oil exports through the Iraq-Turkey Pipeline (ITP).

At the daily press briefing on Wednesday, State Department spokesperson Tammy Bruce told reporters:

"We're urging the Iraqi Government to reach an agreement ... with the international oil companies to resume oil exports through the Iraq-Türkiye pipeline as soon as possible, and to honor the existing contracts with U.S. companies. So we're - that's part of the issue. Reopening the ITP ensures Iraqi oil can reach global, especially European markets. Iraq benefits from the stability of resilient supply chains, as we all do."

(Source: US State Dept)