Iraq stopped exporting oil! – Kent News Agency

Iraq halts oil exports after winning arbitration case against Turkey Iraq opened a case against Turkey in 2014 on the grounds that Ankara, which allowed the Kurdish regional government to export oil from the Kirkuk-Ceyhan oil pipeline, violated an agreement between the two countries. On Saturday, he released information that he had won the arbitration case. Following this decision, the Iraqi administration adopted a new decision.

According to an Iraqi oil ministry source, he said Turkey had notified Iraq in writing that it would comply with the decision made by the International Court of Arbitration. Another source with knowledge on the matter stated that 450,000 barrels per day were sent to Turkey via the Kirkuk-Ceyhan line, 75,000 barrels of which consisted of oil produced by the federal state of Iraq and 370,000 barrels of oil produced by the Kurdish regional government .


Another oil ministry official said, “A delegation (from the ministry) will soon visit Turkey and meet with the authorities to agree on a new mechanism for the export of oil produced in northern Iraq, in accordance with the decision of the arbitration.”

An official statement from the Ministry of Oil said that the continuation of oil exports through the Ceyhan terminal and the obligations of the Iraqi state oil company SOMO to other oil companies will be discussed at meetings to be held with the relevant authorities.

A knowledgeable source on the topic stated that, according to the arbitration award, Turkey was to pay about $1.5 billion to Iraq and that this penalty applies to the period 2014-2018.

On the other hand, no statements were made from the Turkish authorities in this regard.

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