Kurdish Oil Exports To Turkey Remain At A Standstill

Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill, removing 400-450kbpd of crude off the market according to several Reuters sources.

• Pipeline operators have yet to receive any instruction to restart flows, a source said.
• Baghdad has yet to request Turkey reopens the pipeline, two other sources added.
• Iraq's federal government in Baghdad and the KRG on April 4 signed a temporary agreement hoping to get the flows restarted but exports have not yet resumed.
• Turkey is seeking in-person negotiations relating to the $1.5bn it was ordered to pay Iraq in damages, another sources said.
• Iraq's SOMO is waiting to finalise some technical issues essential to restarting flows with the KRG's ministry of natural resources, two Iraqi oil officials said.
• Iraq has also petitioned a US federal court to enforce the arbitration award against Turkey, according to documents filed with the court.