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After six months of negotiations, Iraq's northern oil export route through Turkey, spanning 970 kilometers, is set to resume operation. Turkey halted these flows on March 25th due to an ICC arbitration ruling, demanding damages for unauthorized oil exports by the Kurdistan Regional Government (KRG) between 2014 to 2018. The pipeline's restart was delayed for maintenance and flood damage repairs, with oil flows expected to resume in October. This delay has led to approximately $4 billion in lost exports for the KRG. Turkey is also seeking $950 million from Iraq due to the ICC arbitration, but is open to negotiating a reduced settlement, considering its own liabilities. Additionally, Turkey is pushing for the withdrawal of a second arbitration case from 2018 onwards, and aims to mediate an extension of the pipeline agreement between Erbil and Baghdad, which is set to expire in 2026.

Kirkuk – Ceyhan Oil Pipeline To Resume Operations

After six months of negotiations, Iraq’s northern oil export route through Turkey, spanning 970 kilometers, is set to resume operation. Turkey halted these flows on March 25th due to an ICC arbitration ruling, demanding damages for unauthorized oil exports by the Kurdistan Regional Government (KRG) between 2014 to 2018. The pipeline’s restart was delayed for maintenance and flood damage repairs, with oil flows expected to resume in October. This delay has led to approximately $4 billion in lost exports for the KRG. Turkey is also seeking $950 million from Iraq due to the ICC arbitration, but is open to negotiating a reduced settlement, considering its own liabilities. Additionally, Turkey is pushing for the withdrawal of a second arbitration case from 2018 onwards, and aims to mediate an extension of the pipeline agreement between Erbil and Baghdad, which is set to expire in 2026.

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