07
Apr
We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq’s sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil and management of revenues through the Iraq-Turkey Pipeline. This agreement paves the way for a multi-year budget now before Iraq’s Council of Representatives and an eventual hydrocarbons law for long-term stability and predictability in Iraq’s energy sector. Second, the Government of Iraq reached an unprecedented $27 billion deal with France’s TotalEnergies, including a project to enable the recapture and…