Turkey: No information yet from Iraq on resuming oil exports
Economy News _ Baghdad
Turkish Energy Minister Alp Arslan Bergdar confirmed on Wednesday, February 19, 2025, that his country did not receive any information from Iraq regarding the resumption of oil flow through the Iraq pipeline.
“We have not yet received any information from Iraq regarding the resumption of oil flow through the Iraq pipeline,” Bergdar said, according to Reuters.
Iraqi Oil Minister Hayan Abdul Ghani said on Monday that oil exports from the semi-autonomous Kurdistan region of Iraq will resume within the next week, resolving a nearly two-year dispute over Kurdish oil exports, amid improved relations between Baghdad and Erbil.
Turkey halted oil flows in March 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion in compensation to Baghdad for unpermitted oil exports to the KRG via pipelines between 2014 and 2018.
“Tomorrow, a delegation from the Ministry of Oil will visit… Kurdistan Region to negotiate the mechanism of receiving and exporting oil from the region. The export process will resume within a week,” according to Reuters.