Iraq, Oil Firms Poised to Sign Deal to Restart Kurdish Exports

Iraq, the regional government of Kurdistan and international companies agreed terms to resume oil exports that have been halted for over two years over a payment dispute, adding supply to a market that’s widely expected to move into a heavy surplus.

The agreement, which is still awaiting signatures by all the parties involved, will resolve the last remaining issue that has kept a pipeline from the Kurdish region to Turkey’s Mediterranean coast. A resumption would likely bring about 230,000 barrels a day of crude to international markets, according to people familiar with the matter.