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Restart Of Kurdish Oil Flows Demands Iraq, Turkey Agreement

OIL

Iraqi Prime Minister Mohammed Shia Al-Sudani said he hoped flows of the country’s crude from Ceyhan could restart this week, while Iraq is yet to get approval from Turkey to restart flows, which could further delay the restart date according to Bloomberg.

  • Turkey will likely want to negotiate an international legal ruling that it owes Iraq $1.5 billion related to past exports from Ceyhan.
  • “This could drag on for months,” Robin Mills, founder of Dubai consultancy Qamar Energy, said. “The sticking point is the Turks.”
Energy BulletsCommodities
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