Sunday, March 15, 2026
Baghdad in talks with Erbil to export oil through its pipelines, says oil minister
Baghdad in talks with Erbil to export oil through its pipelines, says oil minister
Abdul Ghani said Thursday that oil production has diminished from over four million barrels per day to merely 1.4 million because of the war.
ERBIL, Kurdistan Region of Iraq - Baghdad is in talks with Erbil to export some of Kirkuk’s oil through the Kurdistan Region’s pipelines with Turkey, Iraq’s oil minister said Saturday, coming as the Iran war has severely disrupted exports through the Gulf.
Iraqi oil minister Hayyan Abdul Ghani told The New Region that federal government is in talks with the Kurdistan Regional Government (KRG) to transfer oil from the Region’s pipelines to Kirkuk’s Ceyhan pipeline, which flows into Turkey, to resume exports from the key conduit
Since the US and Israel launched their military campaign against Iran in late February, Tehran in retaliation has targeted neighbouring countries and shut the Strait of Hormuz, a key waterway responsible for one fifth of the world’s oil.
Iraq has been severely affected by the disruption in oil transport through the Gulf.
“We are optimistic about reaching an agreement to transport oil through this method, until the ministry completes the renovation and repair works on the North Oil Company pipeline,” Abdul Ghani added.
US President Donald Trump on Saturday said that “many Countries, especially those who are affected by Iran’s attempted closure of the Hormuz Strait, will be sending War Ships, in conjunction with the United States of America, to keep the Strait open and safe.”
Abdul Ghani said Thursday that oil production has diminished from over four million barrels per day to merely 1.4 million because of the war.
There have also been multiple attacks on tanker ships in the Gulf since the war started, including in Iraqi waters.
In the early hours of Thursday, two Marshall Islands- and Malta-flagged tankers were targeted within Iraqi territorial waters. One crew member was killed, and 38 others were rescued by Iraqi authorities, according to state media.
Baghdad has previously requested to export oil through the Kurdistan Region’s oil pipeline to allow for exports and cash access. However, Iraq’s continued trade embargo on the Kurdistan Region since the start of the year has prevented reaching a deal, according to a senior KRG official.
“Baghdad has enforced a complete trade embargo on the Kurdistan Region since January 1 this year. It has crippled our economy and finances and is existential for the Region,” the official told The New Region.
The official stated that the KRG would welcome Baghdad’s use of the pipeline, “but this embargo must be lifted too, even as temporary relief for the whole country until a long-term deal has been settled. We want to be helpful, especially to our US partners.”
“Iraq faces an unprecedented fiscal and economic crisis. Baghdad should be doing everything in its power to facilitate trade and exports — not stifle them,” they added.
The current disruption may also make it difficult for Iraq to pay civil servant salaries.
Iraq’s monthly oil revenues are deposited into its account at the US Federal Reserve, which are normally transferred back to the country accordingly.
In January and February, none of the revenue came through; a transfer was scheduled for the beginning of March, but after flights were suspended due to the US-Israeli war on Iran, the transfer route was cut off. link
JEFF & STEVE: Why Government Formation and Iran’s Influence Matter
Why Government Formation and Iran’s Influence Matter
The Iraq Dinar (IQD) has been a hot topic for investors worldwide, especially as geopolitical factors continue to influence currency stability and potential revaluation. In this post, we break down the latest developments in Iraq, analyze how Iran’s influence affects forward movement, and provide insights for dinar investors looking for long-term gains.
Parliament Activity in Iraq: The Roadblocks to Government Formation
Iraq is supposed to hold two parliamentary sessions per week, yet recent reports indicate only one session has occurred in many weeks. This delay has left the government formation process in a standstill, which is critical for any forward movement in the country’s economy and the potential revaluation of the dinar.
Featured Snippet:
“Iraq’s parliament has missed multiple sessions, leaving government formation on hold and delaying progress for currency stabilization.”
Trump’s Stance: No Tolerance for Iranian Influence
Former President Donald Trump made it clear that he will not allow any Iranian influence in Iraq. This strong geopolitical stance has impacted Iraq’s political timeline, pausing government actions until regional conflicts, particularly related to Iran, are resolved.
The implication for investors: progress in Iraq is tied to regional stability, making the timeline for currency revaluation directly linked to political and military developments in the Middle East.
Comparing Financial Patterns: Lessons from the 2008 Crisis
Steve, a financial analyst, draws parallels between the Iraq Dinar investment and the 2008 financial crisis:
“Much like in 2008, a handful of investors who bet against the system made billions, while so-called experts failed to predict the outcome.”
Even when leading economists and banking institutions express confidence in stability, the reality often surprises everyone. This is a reminder that small groups of informed investors can capitalize on opportunities others miss—a concept applicable to dinar investing today.
Why Dinar Investors Remain Confident
Despite delays and geopolitical tensions, many dinar investors remain confident:
Confirmation signals indicate that the investment may yield significant returns.
Government formation in Iraq is the lynchpin for potential currency rate changes.
Regional conflicts, particularly with Iran, are nearing resolution, which could unlock forward movement.
Featured Snippet:
“Dinar investors believe the currency revaluation is imminent once Iraq’s government is fully formed and regional tensions ease.”
Q&A: Iraq Dinar Revaluation and Investment Insights
Q1: Why is Iraq’s parliament not functioning as expected?
A1: Political delays and external influence, especially from Iran, have stalled parliamentary sessions, leaving government formation incomplete.
Q2: How does Trump’s stance on Iran affect the dinar?
A2: Restricting Iranian influence ensures that Iraq’s government and economy are less susceptible to external pressures, which can stabilize conditions for a potential revaluation.
Q3: When might we expect the dinar to revalue?
A3: Timing depends on the resolution of regional conflicts and the successful formation of Iraq’s government. Experts suggest forward movement is imminent but still contingent on geopolitical stability.
Q4: Can individual investors benefit despite political delays?
A4: Yes. Historical patterns, such as the 2008 financial crisis, show that informed investors who understand the system can profit while the majority remain unaware.
Conclusion: Patience and Strategy Are Key
While Iraq’s political delays and regional conflicts may seem discouraging, investors who remain informed and patient could see substantial rewards. The current pause is a strategic waiting period until government formation and regional stabilization set the stage for potential revaluation.
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Jeff
Iraq is supposed to have 2 sessions of parliament every week. They've had one session of parliament in the last many weeks. Trump made it very clear he will not tolerate or allow any type of Iranian influence within the country of Iraq. That's why forward movement within Iraq is not happening. Everything in Iraq right now is paused and delayed for the Iran war to come to an end. Then the Lynch pin to the rate change is the formation of Iraq's government...They're suggesting the war...doesn't have too much longer to go.
Steve
Much like the 2008 financial crisis, a handful of investors who bet against the housing market made a few billion dollars...They bet against a lot of people who were supposedly smart. You had Allan Greenspan the chairman of the Federal Reserve say, 'The housing market is stable, there's great confidence in it' ...Presidents and CEOs of banking institutions...regulators...all of these people you think were brilliant and you think they know the answers, know what's going on...The truth is, no. It doesn't always work this way.
It's always a small group of people that have a set of beliefs...confidence...I believe a lot of us dinar investors have had confirmation...this is an investment that is going to greatly pay off in the near future, there's going to be great rewards from it
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