Turkey plans to reopen oil transport pipeline from Iraq to Turkey this week, according to Energy Minister Alp Arslan Bayraktar as reported by Sky News Urgent.
Bayrakdar announced that the pipeline for transporting oil from Iraq is now operational.
Bayrakdar announced that the oil export pipeline from northern Iraq, which was damaged by floods, will soon resume operations after undergoing maintenance checks and repairs.
Bayraktar announced that the oil pipeline inspection is finished and it will be operational soon.
On March 25, Turkey halted the flow of oil through a pipeline in northern Iraq. This was a result of an arbitration case ruling by the International Chamber of Commerce, which ordered Ankara to pay compensation to Baghdad for unauthorized exports by the Iraqi Kurdistan Regional Government from 2014 to 2018.
The oil ministers of Iraq and Turkey did not come to an agreement about restarting oil exports from the Kurdistan Region during the visit of the Iraqi minister to Ankara on August 22, 2023.
According to Reuters, the oil ministers of Iraq and Turkey did not come to an agreement on restarting oil exports from the Kurdistan Region of Iraq.
According to her, the two ministers decided to have more talks in the future.