Iraq expects to reach an agreement with the Kurdistan Regional Government (KRG) to restart oil export flows from the country's semi-autonomous Kurdistan region within two weeks, Oil Minister Hayan Abdel-Ghani said at a conference in Baghdad on Wednesday.
Turkey halted Iraq's 450,000 barrels per day of northern exports through the Iraq-Turkey pipeline on March 25 after anby the International Chamber of Commerce . The 40 days of stoppage are estimated to have cost the KRG more than $1 billion.
However, politicians in Baghdad are raising questions about the account, whose location has drawn opposition from some members of the Coordination Framework, an alliance of Iran-aligned factions, one of those sources - and two others - said.Citi did not immediately respond to a request for comment.Iraq and the KRG have made progress in other areas.
There is further uncertainty surrounding the reaction of the Turkish government, which needs to open its side of the pipeline in order for Iraq's exports to resume.Turkey was seeking in-person negotiations with Baghdad relating to damages it was ordered to pay in the arbitration case.
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