Ankara Holds Up The Restart Of The 450,000 bpd Kirkuk - Ceyhan Oil Pipeline
Iraq was upbeat two weeks ago after an International Court of Arbitration called on Ankara to pay Baghdad $1.5 billion for unauthorized exports by the Kurdistan Regional Government (KRG) between 2014 and 2018. Since the ruling Ankara has stopped the export of 450,000 bpd through the Ceyhan port and is seeking to negotiate the $1.5 billion award. Ankara and Baghdad seem to be at an impasse.