A new US approach is needed to re-open a pipeline between Iraq's northern semi-autonomous Kurdistan region and Turkey, a trio of US congressmen have told President Biden.
The pipeline contributes about 0.5 per cent of global oil supply and has been shut since March, costing the Kurdistan Regional Government (KRG) roughly $4 billion in lost exports, according to two sources familiar with the matter.
Turkey halted flows on Iraq's northern oil export route this year after an arbitration ruling by the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad damages for unauthorised exports by the KRG between 2014 and 2018.
With global oil supplies being restricted by OPEC and prices rising, the US would also benefit from the resumption of flows from northern Iraq's oil sector.
The KRG has served as one of the most reliable partners in the Middle East by the US, said the letter seen by Reuters, signed by three members of the House Foreign Affairs Committee on Monday.
However, the closure of the pipeline has cut the region off from the majority of its revenue, the letter said, citing a message to Mr Biden this month in which KRG Prime Minister Masrour Barzani warned the economic drain on the region could trigger its collapse.
The KRG is being “economically strangled, politically and legally pressured … and militarily threatened by Iran and Iran-backed elements in Baghdad,” added the letter from congressmen Michael Waltz, Michael T McCaul and Joe Wilson.
It called for a “new Iraq strategy” to help fix the crisis but did not detail what that should be.
The letter came ahead of a meeting between Iraqi Prime Minister Mohammed Shia Al Sudani and US Secretary of State Antony Blinken in New York.
Mr Blinken during the meeting “underscored US support” for the reopening of a pipeline.
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Premier League results
Saturday
Tottenham Hotspur 1 Arsenal 1
Bournemouth 0 Manchester City 1
Brighton & Hove Albion 1 Huddersfield Town 0
Burnley 1 Crystal Palace 3
Manchester United 3 Southampton 2
Wolverhampton Wanderers 2 Cardiff City 0
West Ham United 2 Newcastle United 0
Sunday
Watford 2 Leicester City 1
Fulham 1 Chelsea 2
Everton 0 Liverpool 0
Countdown to Zero exhibition will show how disease can be beaten
Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a month before Reaching the Last Mile.
Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.
RESULTS
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UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
UAE currency: the story behind the money in your pockets
