Iraqi FM discusses resumption of northern oil exports in the US
The Iraqi Minister of Foreign Affairs, Fuad Hussein, and the US Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein. Photo: Iraqi Foreign Ministry
Baghdad (IraqiNews.com) – The Iraqi Minister of Foreign Affairs, Fuad Hussein, and the US Special Presidential Coordinator for Global Infrastructure and Energy Security, Amos Hochstein, discussed on Friday the role that foreign businesses play in Iraq’s oil industry and the process of investing in the country’s gas reserves.
According to a statement issued by the Iraqi Foreign Ministry, the discussions between the two parties are part of ongoing active sessions with US officials to address several aspects of bilateral relations between Iraq and the US.
The meeting addressed the security situation in the region and how it affects the market, the economy, and energy pricing.
The US official spoke about the difficulties American oil companies face in the Kurdistan region of Iraq as a result of their inability to export their products.
Hussein highlighted the perspectives of the Kurdistan Regional Government (KRG) and the federal government in Baghdad over the issue of oil exports from Iraqi Kurdistan via the pipeline that connects northern Iraq to the Turkish port of Ceyhan.
Due to the significance of the oil issues between the federal government and Iraqi Kurdistan, as well as their impact on the companies operating in northern Iraq and the oil market, Hochstein expressed the United States’ eagerness to expand cooperative efforts, particularly in the areas of energy, oil, and gas.