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Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields after the country won a longstanding arbitration case against Turkey. The decision to stop shipments of 450,000 barrels per day of crude relates to a case from 2014, when Baghdad claimed that Turkey violated a joint agreement by allowing the Kurdistan Regional Government to export oil through a pipeline to the Turkish port of Ceyhan. A ceasing of exports through the pipeline would trigger an economic collapse for the Kurdistan Region of Iraq, and Turkey would need to source more crude from Iran and Russia to make up for the loss of northern Iraqi oil.

Iraq halts northern crude exports after winning arbitration case against Turkey

Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields after the country won a longstanding arbitration case against Turkey. The decision to stop shipments of 450,000 barrels per day of crude relates to a case from 2014, when Baghdad claimed that Turkey violated a joint agreement by allowing the Kurdistan Regional Government to export oil through a pipeline to the Turkish port of Ceyhan. A ceasing of exports through the pipeline would trigger an economic collapse for the Kurdistan Region of Iraq, and Turkey would need to source more crude from Iran and Russia to make up for the loss of northern Iraqi oil.

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