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Iraqi Kurdish Prime Minister Masrour Barzani met with Turkey's Foreign Minister Hakan Fidan and its Energy Minister Alparslan Bayraktar in Erbil, the government of the Kurdistan region said.
A dispute over oil has long strained relations between authorities in Baghdad, northern Iraq's autonomous Kurdistan region and neighbouring Turkey.
The agreement, signed in Baghdad in the presence of Prime Minister Mohamed Shia Al-Sudani and Kurdish premier Masrour Barzani, was to be implemented 'today', a Kurdish regional government official said.
Iraq aims to establish a new oil company in the northern Kurdish region, months after a federal court ruling deemed the legal foundations of the Kurdistan region's oil and gas sector unconstitutional
Iraq's oil ministry will begin implementing a federal court ruling that deemed the legal foundations of the Kurdistan region's oil and gas sector unconstitutional.
'We have an initial understanding [with the KRG], God willing we will reach a solution within the coming three days,' Iraq's oil minister said on Sunday.
The reopening of the Kirkuk-Ceyhan pipeline, which has been shut for a decade, would provide a rival route to a pipeline from Iraq's Kurdistan region.
A suspension in Kurdistan oil exports abroad has halted debt repayments, worrying actors in the semi-autonomous region and Baghdad.
The decision to stop shipments of 450,000 barrels per day of crude relates to a case from 2014, when Baghdad claimed Turkey violated a joint agreement by allowing the Kurdistan Regional Government to export oil through a pipeline to Ceyhan port.
Dana Gas said that while there was 'very minor damage to the facilities', it has 'temporarily suspended production and instituted specific procedural changes'.