Iraq's Oil Minister confirmed on Monday that the Iraq-Turkey pipeline, designated for the resumption of the Kurdistan Region’s oil exports through Turkey's Ceyhan port, is ready to use.

Iraq's oil ministry announced that procedures are complete for resuming oil exports through the Iraq-Turkey pipeline. This follows a resolution of a dispute between Baghdad and Erbil, with technical talks held to finalize export details,

Oil exports from the semi-autonomous Kurdistan region will resume next week, Iraq's oil minister said on Monday, resolving a near two-year dispute as ties between Baghdad and Erbil improve, potentially adding more supply to the oil market and weighing on prices.

Iraq reiterated on Monday its commitment to an OPEC+ agreement on production cuts and the gradual phase-out of voluntary reductions, ahead of the resumption of oil exports from the Kurdistan Region.

Iraq is set to resume oil exports through the Iraq-Turkey pipeline, ending a two-year dispute between Baghdad and the Kurdistan region. The U.S. administration had previously put pressure on Iraq to allow Kurdish oil exports,

Iraq will receive around 185,000 barrels of crude oil a day from the semi-autonomous region of Kurdistan after exports resume via a pipeline to Turkey, a deputy Iraqi oil minister told the state-run Iraqi News Agency on Sunday without providing a time frame.