Turkey Seeks Iraq Revenue-Sharing Deal to Restart Oil Flows
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2023-08-26 10:39:07
- Iraq’s Ceyhan exports halted by Turkey after $1.5 billion fine
- Ankara wants the Kurdish administration to pay the money
Turkey is attempting to broker a deal between the central Iraqi government and the semi-autonomous Kurdish administration over how to resume Iraqi crude-oil exports via its territory, according to Turkish officials.
Turkey halted flows through a twin-pipeline in March after an arbitration court ordered it to pay about $1.5 billion in damages to Iraq for transporting oil without Baghdad’s approval. Ankara has no intention of paying the fine and is asking the Kurds to pay it to Baghdad as they were the benefactors, the officials said...Read More.
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