A Turkish energy delegation will meet Iraqi oil officials in Baghdad on June 19, to discuss the resumption of Iraq’s northern oil exports, Iraqi deputy oil minister for upstream affairs, Basim Mohammed, told Reuters Thursday.
“We have agreed that it’s necessary to resume oil exports as soon as possible and we’re ready to pump 500,000 barrels per day once flow restarts,” said Basim Mohammed.
Türkiye halted Iraq’s 450,000 barrels per day (bpd) of northern exports through the Iraq-Türkiye pipeline on March 25 after an arbitration ruling by the International Chamber of Commerce (ICC).
The 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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