ERBIL – The Kurdistan Regional Presidency (KRP) has reaffirmed the Kurdistan Region's commitment to the resumption of oil exports and emphasized that the Region has fulfilled all its obligations in a transparent and lawful manner.

Dilshad Shahab, spokesperson for the KRP, addressed the media on Monday, stating that significant steps have been taken to resume oil exports from the Kurdistan Region, following a period of suspension.

Shahab confirmed that the Kurdistan Regional Government (KRG) has met all requirements under the agreements, and that the region is fully prepared to restart oil exports.

"It was explained to all parties that the Kurdistan Region is ready and that the KRG has fulfilled all its obligations according to the law," Shahab said at a news conference. He further clarified that both the KRG and the Iraqi federal government, under the leadership of Prime Minister Mohammed Shia' al-Sudani, have agreed on the importance of continued dialogue and meetings to resolve the matter.

The suspension of oil exports from the Kurdistan Region has led to substantial losses for the Iraqi treasury. Since March 2023, oil exports through the Iraq-Turkey pipeline have been halted following a ruling by a Paris-based arbitration court.

The court found that Turkey had violated a 1973 pipeline agreement by allowing the Kurdistan Region to export oil independently since 2014. The suspension of these exports has been estimated to have cost the Iraqi economy around $15 million.

The KRG's announcement comes as both Erbil and Baghdad continue to negotiate the resumption of oil exports, with the federal government and the KRG aiming to reach an agreement that will ensure both sides benefit from the vital oil revenues.