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Iraqi Minister: Oil Exports from Kurdish Region Will Resume in a Week

Kurdish protesters block the road in front of trucks carrying oil in the Arbat area near Sulaymaniyah, Iraq February 23, 2025. REUTERS/Ako Rasheed
Kurdish protesters block the road in front of trucks carrying oil in the Arbat area near Sulaymaniyah, Iraq February 23, 2025. REUTERS/Ako Rasheed
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Iraqi Minister: Oil Exports from Kurdish Region Will Resume in a Week

Kurdish protesters block the road in front of trucks carrying oil in the Arbat area near Sulaymaniyah, Iraq February 23, 2025. REUTERS/Ako Rasheed
Kurdish protesters block the road in front of trucks carrying oil in the Arbat area near Sulaymaniyah, Iraq February 23, 2025. REUTERS/Ako Rasheed

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.

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UK Economy Grows 0.5% in February, Official Figures Show

Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes
Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes
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UK Economy Grows 0.5% in February, Official Figures Show

Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes
Commuters walk as the sun rises behind Tower Bridge and the Canary Wharf financial district, in London, Britain, April 11, 2025. REUTERS/Isabel Infantes

Britain's economy grew at a monthly pace of 0.5% in February, figures from the Office for National Statistics showed on Friday, well above economists' expectations in a Reuters poll for an expansion of 0.1%.
Britain's economy grew by a lackluster 1.1% last year. Last month government budget forecasters halved their 2025 forecast to 1%, though they see stronger performance of 1.9% in 2026.
However, these forecasts have been thrown into doubt by President Donald Trump's announcement last week of sweeping tariffs on US imports. The tariffs raise the cost of most British exports to the United States by at least 10% and more than double the cost of imports from China.
Even before the tariff announcement, Britain and other European economies had slowed due to worries about US trade policy. British businesses also said they were reining in hiring and investment plans due to a big rise in employment taxes and the minimum wage that took effect this month.
However, there had been some signs that weak consumer spending had been starting to pick up as wage growth continued to outstrip inflation and retail sales beat economists' expectations in February.