Reuters: Iraqi oil from Kurdistan to Türkiye will not flow soon
On Tuesday, Reuters announced that Iraqi oil exports through the Turkish port of Ceyhan will not resume.
The agency has announced that the resumption of Iraqi oil pumping to Turkey is not expected before October. In the meantime, Turkish President Recep Tayyip Erdogan is expected to visit Baghdad, after he postponed his initial visit in August.
On March 25th, Turkey halted export flows from northern Iraq. This decision was made after the International Chamber of Commerce ruled in an arbitration case that Ankara must pay $1.5 billion in compensation to Baghdad. The compensation is for allowing the Kurdistan Regional Government to pump oil exports without a permit between 2014 and 2018. The suspension of export flows has ended after 25 hours.
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