Categories: World

Iraq Wins Oil Arbitration Case From Turkey Related Articles

Iraq has won a pending arbitration case over the export of crude oil from the semi-autonomous region of Kurdistan. Bloomberg reports it. Turkey has already informed Iraq that it will honor the case and will not export a drop of Kurdistan crude oil without Iraq’s explicit consent.

Iraq has won a pending arbitration case over the export of crude oil from the semi-autonomous region of Kurdistan. Bloomberg reports it. Turkey has already informed Iraq that it will honor the case and will not export a drop of Kurdistan crude oil without Iraq’s explicit consent. (Xinhua/eyevine)

The case originally dates back to 2014, when Baghdad believed that Turkey had violated a 1973 agreement with Iraq by allowing the Kurdish regional government to export crude oil via pipeline to the Turkish port of Ceyhan without Iraq’s consent.

mechanisms

It is now up to Iraq’s oil ministry to ‘discuss the mechanisms’ to resume further exports of Iraqi oil from the port of Ceyhan. The Iraqi government wants to resolve the issue together with Turkey, so that exports are guaranteed and international commitments are effectively kept, according to a statement.

More than 1 million barrels per day passed through the Ceyhan terminal in January, which represents around 1% of global supply. Baghdad sends Ceyhan 75,000 bpd, while the Kurdish regional government sends more than 400,000 bpd.

Author: Remi Cook
Source: BNR

Share
Published by
Sharon

Recent Posts

Miss Switzerland candidate accuses Trump of sexual assault

A former Miss Switzerland candidate is accusing Donald Trump of “bumping” her at a meeting…

6 months ago

10 fun facts about Italian classics – or did they come from China?

Friday is pasta day—at least today. Because October 17th is World Pasta Day. It was…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Kamala Harris enters media ‘enemy territory’ – that’s what she did at Fox

Kamala Harris gave an interview to the American television channel Fox News, which was not…

6 months ago

One Direction singer Liam Payne (31) died in Buenos Aires

The British musician attended the concert of his former bandmate in Buenos Aires. The trip…

6 months ago