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Turkey still hasn’t resumed the flow of crude oil from Iraq, with 450,000 bpd in Iraqi oil exports still offline, and is holding out for in-person negotiations to take place. After the International Chamber of Commerce ruled that Turkey must pay Iraq damages for receiving oil from the Kurdistan region of Iraq without Baghdad’s permission, Turkey responded by halting the flow of crude oil overseen by the Kurdistan Regional Government.

Iraq’s Oil Exports Still Seeing 450,000 bpd offline

Turkey still hasn’t resumed the flow of crude oil from Iraq, with 450,000 bpd in Iraqi oil exports still offline, and is holding out for in-person negotiations to take place. After the International Chamber of Commerce ruled that Turkey must pay Iraq damages for receiving oil from the Kurdistan region of Iraq without Baghdad’s permission, Turkey responded by halting the flow of crude oil overseen by the Kurdistan Regional Government.

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