Oil exports from Iraq's Kurdistan region will resume in a week, the Iraqi oil minister said on Monday.
Asked about when Iraq will resume oil exports from the Kurdish region, Hayan Abdel-Ghani told reporters "this issue will be settled in a week."
Iraqi Kurdistan authorities have agreed with the federal oil ministry to restart Kurdish crude exports based on available volumes, Kurdistan's regional government said on Sunday.
Prime Minister Mohammed Shia Al-Sudani stressed last week the urgency of restarting oil production and exports during a meeting with Kurdistan Region President Nechirvan Barzani.
The suspension of oil exports from Kurdistan and Kirkuk since March 2023 has cost Iraq over $17 billion, according to experts. The longstanding dispute over oil management between Baghdad and Erbil often revolved around Kurdistan’s failure to meet its agreed quota of 250,000 barrels per day in the federal budget, leading to funding cuts.