Postponement of the meeting of the Kurdistan Region’s oil resumption talks
A meeting was scheduled to be held on Saturday in Baghdad between the Federal Ministry of Oil and oil companies and the Ministry of Natural Resources of the Kurdistan Region, but the meeting was postponed indefinitely.
“No meeting will be held today between the Federal Ministry of Oil, oil companies and the Ministry of Natural Resources of the Kurdistan Region on the resumption of oil exports,” Ministry of Oil spokesman Abdul Sahib Bazon said in a press statement.
This comes at a time when the Minister of Oil announced on Wednesday (April 16, 2025) that “a delegation from the Ministry of Natural Resources of the Kurdistan Region will visit Baghdad on Saturday, April 19, to start negotiations again on the resumption of oil exports.”
On February 2, 2025, the parliament approved the first amendment to the Iraqi budget law for three years, with the aim of resuming the export of the Kurdistan Region’s oil, which has been suspended since 2023.
According to the amendment, $16 per barrel was set to cover the costs of production and transportation of the Kurdistan Region’s oil until an international consultant sets an estimated price within 60 days, but the companies and the Ministry of Oil have not yet agreed on previous debts, as well as on ensuring the disbursement of those financial dues.
https://alforatnews.iq/news/تأجيل-اجتماع-مباحثات-استئناف-تصدير-نفط-اقليم-كردستان
