Iraq and Turkey negotiate payments to resume northern oil exports.

1 min read
Source: Reuters
Iraq and Turkey negotiate payments to resume northern oil exports.
Photo: Reuters
TL;DR

Iraq's northern oil exports to Turkey have not yet resumed, leaving several fields shut in the semi-autonomous Kurdistan region. Turkey halted flows of about 450,000 barrels per day via a pipeline from Iraq's Kirkuk fields to Turkey's Ceyhan port on March 25 after Iraq won an arbitration case. Iraq's federal government and the KRG signed a temporary agreement on Tuesday to restart northern oil exports through Turkey, but pipeline operators have yet to receive any instruction to restart flows.

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