Crude oil flows from Kurdistan region of Iraq through the Iraq-Turkey Pipeline resumed after agreements between KRG, foreign oil firms, FGI, Turkey, and the U.S. Resumption involves 190,000 bpd initially, planned to increase to 230,000 bpd then higher over time. US$16 per barrel will be transferred to an escrow account for KRI oil producers. Foreign oil firms still owed over US$1 billion by KRG will meet to settle debts within 30 days. Baghdad, Turkey, Iran, China, and Russia oppose the resumption. KRI aims to maintain semi-independent status with U.S. support. U.S. Secretary of State congratulated on deal.

Read more at Yahoo Finance: Iraqi Kurdistan Oil Exports Resume To Turkey, But For How Long?