Turkey's runoff election is paralyzing key oil exports from northern Iraq

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Turkey's runoff election is paralyzing key oil exports from northern Iraq
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The Turkish port of Ceyhan typically ships out exports of Iraq's northern Kirkuk crude oil.

In addition to deciding marketing distribution, Baghdad and Kurdistan might also have to rework the agreements under which foreign firms have prepaid sums to Erbil in exchange for oil volumes, as well as the reimbursement contracts for foreign producers of Kurdish oil, market sources say.

Bilal Wahab, Wagner fellow at the Washington Institute for Near East Policy, agreed that control of the Kurdish oil export flows arms Turkey with the leverage to ask Baghdad to drop its fine and second arbitration suit, as well as redefine the scope of Ankara's business relationship with Iraq.

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