Overview

• Prime Minister Mohammed Shia Al Sudani said Baghdad reached an agreement with the Kurdish region for the Oil Ministry to take Kurdish crude and export it via the Iraq–Turkey pipeline to Ceyhan.
• A framework backed by the Association of Oil Producers in Kurdistan covers operators accounting for about 90% of output, though two companies have not yet approved it.
• Norway’s DNO and Britain’s Genel Energy are withholding signatures pending guarantees on roughly $1 billion in unpaid dues, including about $300 million owed to DNO.
• Foreign Minister Fuad Hussein told Bloomberg exports are expected to resume most likely this week, starting near 230,000 bpd with scope to rise toward 500,000 bpd with new investment.
• Operators and the KRG plan to meet one month after flows resume to settle payment mechanisms, after a 2.5‑year shutdown that KRG officials say cost about $26 billion in lost income.