Iraq's northern oil exports stuck on Turkey negotiations

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Iraq's northern oil exports stuck on Turkey negotiations
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Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorised exports.

by the International Chamber of Commerce ordered Turkey to pay Baghdad damages of $1.5 billion for unauthorised exports by the Kurdistan Regional Government between 2014 and 2018.

Pipeline operators have yet to receive any instruction to restart flows, a source familiar with the exports told Reuters on Friday on condition of anonymity."Anything regarding the resumption of oil flows now is in the hands of Baghdad and Turkey, both sides have to reach an agreement to restart flows," said Lawk Ghafuri, head of foreign media affairs for the KRG.

Iraq's state-owned marketer SOMO is waiting to finalise some technical issues essential to restarting flows with the KRG's ministry of natural resources, two Iraqi oil officials told Reuters.

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