Iraq and northern Kurdistan appear to have found a formula that will allow the autonomous region to export oil to Turkey in a new pipeline, a step towards resolving a long-running dispute over land and oil rights.

Turkish Energy Minister Taner Yildiz said an agreement over oil exports and revenue sharing could be reached this month. Iraqi Oil Minister Abdul Kareem Luaibi shared his optimism.

“There are no issues,” Luaibi said at a briefing ahead of an Opec meeting in Vienna. He said technical, trilateral talks would take place in days to finalise details over revenue sharing and metering.