Economy

Sources: Resumption of Iraqi Oil Flow to Turkey Not Expected Before October

Sources: Resumption of Iraqi Oil Flow to Turkey Not Expected Before October

Sources indicated today, Tuesday, that "the resumption of Iraqi oil flow to Turkey is not expected before October, during which Turkish President Recep Tayyip Erdoğan is likely to visit Baghdad, following the postponement of the visit originally scheduled for August." Turkey suspended export flows from northern Iraq on March 25, after an International Chamber of Commerce ruling in an arbitration case that ordered Ankara to pay Baghdad $1.5 billion in compensation for allowing the pumping of oil exports from the Kurdistan Regional Government without permission between 2014 and 2018.

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