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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Iraq’s Northern Oil Exports Stuck on Türkiye Negotiations

Türkiye Iraq Oil Baghdad the Kurdistan Regional Government KRG Ceyhan Ankara
A worker walks down the stairs of an oil tank at Türkiye's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS), some 70 km (43.5 miles) from Adana February 19, 2014. (Reuters)

Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorized exports.

The March 23 arbitration ruling by the International Chamber of Commerce (ICC) ordered Türkiye to pay Baghdad damages of $1.5 billion for unauthorized exports by the Kurdistan Regional Government (KRG) between 2014 and 2018.

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