Turkish Energy Minister Alp Arslan Bayraktar announced on Monday that his country intends to resume operation of the oil transport pipeline from Iraq to Turkey this week, according to what was reported by Sky News Urgent.
According to Bayrakdar, the pipeline for transporting oil from Iraq is now ready today.
A few days ago, Bayrakdar announced that the oil export pipeline from northern Iraq via Turkey will resume operations after maintenance checks and repairs for flood damage.
Bayraktar announced that the inspection of the oil pipeline has been completed, and it will be ready for operation soon.
Turkey halted the flow of oil through a pipeline in northern Iraq on March 25. The move came after the International Chamber of Commerce ruled in an arbitration case that Ankara must pay compensation to Baghdad for the unauthorized export of oil by the Kurdistan Regional Government of Iraq between 2014 and 2018.
The oil ministers of Iraq and Turkey failed to reach an agreement on resuming oil exports from the Kurdistan Region. The Iraqi minister visited Ankara on Tuesday, August 22, 2023.
The Iraqi and Turkish oil ministers failed to agree on resuming oil exports from the Kurdistan Region.
During the conversation, she clarified that both ministers had come to an agreement to have more discussions in the future.
