Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to end Russia's war on Ukraine.

Iraq is awaiting a response from Turkey “within the next 24 hours” regarding the readiness of the pipeline designated for the Kurdistan Region’s oil exports, an official from Iraq’s oil ministry said on Sunday.

Kurdistan is set to resume oil exports by the end of March following a two-year halt due to a dispute with the Iraqi government.

Oil exports from the semi-autonomous Kurdistan region will resume next week, Iraq's oil minister said on Monday, resolving a near two-year dispute as ties between Baghdad and Erbil improve, potentially adding more supply to the oil market and weighing on prices.

ERBIL, Kurdistan Region - Oil producers in the Kurdistan Region said on Sunday they expect written contractual agreements on sales terms “without political interference” before resuming oil exports after Baghdad said all preparations were completed to restart exporting oil.

The president of Iraq’s semi-autonomous Kurdistan region signaled the likely resumption of oil exports next month, the latest optimism that an almost two-year shutdown that cost the nation some $19 billion in lost revenue could soon be over.

Iraqi authorities have rejected reports that they have allowed a resumption of oil exports from the Kurdistan region because of threats by the US government.

Oil exports from Iraq’s Kurdistan region are set to resume next week, ending a nearly two-year dispute over Kurdish crude shipments, Iraq’s Oil Minister Hayan Abdel Ghani said on Monday. An Iraqi Oil ministry delegation will visit Erbil on Tuesday to discuss transferring 300,

Iraq will receive around 185,000 barrels of crude oil a day from the semi-autonomous region of Kurdistan after exports resume via a pipeline to Turkey, a deputy Iraqi oil minister told the state-run Iraqi News Agency on Sunday without providing a time frame.