Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad, a key step toward resuming exports that have been halted for more than two years.

The statement on Thursday said that production from its oilfields stands at 280,000 bpd, of which 50,000 bpd is allocated for local consumption

The decision by the Kurdistan Workers Party (PKK) to lay down its arms and apparently disband has reverberated across the Kurdistan region of northern Iraq. For decades, the Turkish army has operated in northern Iraq and has established bases and posts in the mountainous Kurdish region.

Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad, a step toward resuming exports that have been halted for more than two years.

The symbolic gesture is the first phase of disarming the PKK as part of a rejuvenated peace process with Turkiye, which could end a 40-year conflict that has killed some 40,000 people. As the process unfolds, a question arises about how this may affect the broader region, including the autonomous Kurdish areas in Iraq and Syria.