The disruption of crude flows from Iraqi Kurdistan to Turkey has entered its 5th month, and this impasse has significant implications for the KRG's economy and administration, leaving the path forward shrouded in uncertainty.
The future of Kurdistan's oil exports is extremely nuanced and depends on the interests of all actors, including global and regional major powers.
In 2007, a new chapter began for Kurdistan when its regional parliament approved the production of the region's oil and gas resources. Subsequently, the Ministry of Natural Resources was established to oversee these valuable assets. However, tensions escalated between Baghdad and Erbil due to Kurdistan's independent oil and gas exports via the Kurdistan pipeline, connected to the Turkish pipeline leading to the Ceyhan port on the Mediterranean Sea.
To be candid, the fate of Kurdistan’s oil is primarily shaped by regional and international interests rather than the local government’s needs. The two major parties leading the Kurdistan regional government are no longer the sole major participants in Kurdistan's oil destiny.
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