Baghdad seeks solution to resume oil exports through Ceyhan

Baghdad seeks solution to resume oil exports through Ceyhan

On Wednesday, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, expressed the government’s readiness to find a solution to resume oil exports through the Turkish port of Ceyhan.

The Prime Minister of Iraq, Al-Sudani, met with the Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, where he confirmed that the government would adopt fair solutions by the Iraqi constitution when dealing with issues related to neighboring countries. The Prime Minister’s Office released a statement regarding the meeting.

During a recent address, the Iraqi Prime Minister discussed concerns regarding Iraq’s water resources and the best ways to use them for agriculture. He expressed that Baghdad is eagerly awaiting cooperation from Turkey on this vital issue, given its significant economic and humanitarian effects.

Al-Sudani stated that the Development Road is a crucial strategic project promoting growth across various economic sectors.

In early October, Bayraktar confirmed that the inoperative crude oil pipeline from Iraq to Turkey is now ready to operate, and Ankara is preparing to receive shipments.

Turkey halted oil flows through the Iraq-Turkey pipeline in March. This followed an ICC ruling that ordered Ankara to pay Baghdad $1.5 billion for unauthorized oil exports between 2014 and 2018.

The Kurdistan region of Iraq used to export around 450,000 barrels of crude oil per day until the pipeline was shut down.