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Türkiye is examining the oil pipeline with Kurdistan
Economical 09/16/2023
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Johannesburg: AFP
Turkish Energy Minister Alp Arslan Bayraktar announced yesterday, Friday, the completion of inspection of the oil pipeline from the Kurdistan region to the port of Ceyhan, stressing that the line will be “technically” ready for operation soon. Bayrakdar said in a press statement: “As of today, an independent survey company has completed its work and is now preparing the report,” while he did not mention a date for the resumption of oil flows through this line. Turkey had stopped flows through the pipeline located in the Kurdistan region, on March 25, after a ruling in an arbitration case issued by the International Chamber of Commerce ordered Ankara to pay compensation to Baghdad, due to the export of oil through the Kurdistan region without referring to the federal government between... Years 2014 and 2018.
It is noteworthy that the Oil Industry Association in the Kurdistan Region announced late last August that stopping exports to the Turkish port of Ceyhan had cost producers and the Iraqi government losses of about $4 billion, as producers in the region were forced to reduce production since stopping the flow of oil through the pipeline
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