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Turkey talks about resuming Iraqi oil exports soon... and surrounds itself with legal "immunity".
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Baghdad today - follow-up
The Turkish Minister of Energy, Alp Arslan Bayraktar, announced today, Friday (September 15, 2023), the readiness of the Iraqi crude oil pipeline and the start of operation soon.
The minister said in a press conference that Turkey is close to completing damage assessments of the main pipeline, which allowed the country to receive and export crude oil from Iraq before stopping flows.
The minister did not reveal further details about the date for the resumption of exports through the Turkish port of Ceyhan, overlooking the Mediterranean coast.
Turkey stopped flows through the pipeline last March, after an arbitration court ordered it to pay about $1.5 billion in compensation to Iraq for transporting Kurdish oil without Baghdad’s approval.
Bayraktar added that the damage assessment currently underway is extremely important for Turkey to defend itself legally if Baghdad requests additional compensation in the future.
Turkey confirmed that the decision is in the hands of the central government in Iraq and the administration of semi-autonomous Kurdistan to reach a compromise on how to divide oil export revenues.
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