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Turkey Iraq Oil Pipeline Remains Delayed

OIL

Iraq is ready to restart oil flows through the Iraq/Turkey pipeline (ITP) but still requires an agreement with the Kurdistan Regional Government according to Iraqi prime minister Mohammed Shia as-Sudani in Russia yesterday.

  • The pipeline has been shut since 25 March due to a dispute between Turkey and Iraq and no resolution appears to be in sight at present.
  • Iraq’s state marketing company SOMO was sent a letter by Turkey’s BOTAS on October 2 that said the pipeline was ready for transportation. - "We would like to inform you that the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage and loading of crude oil coming from Iraq on 04.10.2023."
Energy BulletsCommodities
Energy BulletsCommodities

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