The United States has pushed the Iraqi government to finalise an agreement with international oil companies (IOCs) to resume crude oil exports through the Iraq-Turkey Pipeline (ITP).
At the daily press briefing on Wednesday, State Department spokesperson Tammy Bruce told reporters:
“We’re urging the Iraqi Government to reach an agreement … with the international oil companies to resume oil exports through the Iraq-Türkiye pipeline as soon as possible, and to honor the existing contracts with U.S. companies. So we’re – that’s part of the issue. Reopening the ITP ensures Iraqi oil can reach global, especially European markets. Iraq benefits from the stability of resilient supply chains, as we all do.”
(Source: US State Dept)