Doha. Iraq will resume oil exports from Iraqi Kurdistan to Turkey from May 13. Oil exports from here were suspended in late March due to a ruling by an international arbitration court.
Iraqi oil marketing organization SOMO has informed Turkish company BOTAS that it will resume export and loading operations from May 13, according to a statement issued by Iraq’s oil ministry. The decision to start indicates the completion of negotiations of contracts with international companies to sell crude oil through the Turkish port of Ceyhan in accordance with the mechanism adopted by the Iraqi marketing company SOMO.
In late March, the International Court of Arbitration ruled against Turkey and in favor of Iraq regarding the export of crude oil from Kurdistan without the consent of the country’s central authorities. Baghdad accused Ankara of violating a crude oil pipeline agreement signed in 1973. Turkey then stopped pumping some 450,000 barrels a day of Iraqi crude through a pipeline to the port of Ceyhan.
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