TÜRKIYE: WE HAVE NOT RECEIVED INFORMATION FROM IRAQ TO RESUME KURDISTAN REGION OIL FLOWS, 21 FEB

 TÜRKIYE: WE HAVE NOT RECEIVED INFORMATION FROM IRAQ TO RESUME KURDISTAN REGION OIL FLOWS

The Turkish Energy Minister said that his country has not yet received information from Iraq regarding the resumption of oil flows from the Kurdistan Region of Iraq. Oil Minister Hayan Abdul Ghani said last Monday that oil exports from the Kurdistan Region of Iraq will resume within the next week.

Turkey halted oil flows in March 2023 after the International Chamber of Commerce ordered Ankara to pay Baghdad $1.5 billion in compensation for unauthorized oil exports to the Kurdistan Regional Government via pipelines between 2014 and 2018 .

Abdul Ghani told reporters, “Tomorrow, a delegation from the Ministry of Oil will visit the Kurdistan Region to negotiate the mechanism for receiving and exporting oil from the region. The export process will resume within a week.”