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No Indication of Iraq/Turkey Pipeline Restart: Iraqi Official

OIL

Iraq is not resuming crude exports to Turkey via pipeline with issues surrounding compensation still needing resolved according to an Iraqi oil ministry official speaking with Bloomberg.

  • The official said there is no indication of when exports could resume.
  • The Turkey-Iraq oil pipeline has been “ready to operate” as of Wednesday according to Turkish Energy Minister Alparslan Bayraktar earlier Thursday.
  • On the resumption of flows, Bayraktar said “that is something that depends on the Iraqi side and production in Iraq.”

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