Iraqi oil ministry, IOCs in Kurdistan clash over oil seizure ...Kuwait

News by : (The New Arab) -
The Iraqi oil ministry issued a rebuke on Monday in response to recent assertions made by foreign oil producers in the Kurdistan region, denouncing them as unwarranted interference in Iraqi affairs. Since 23 March 2023, oil exports from the Kurdistan region through the Iraq-Turkey pipeline have ceased following a ruling in favour of Baghdad by a Paris-based arbitration court against Ankara. The ruling stated that Ankara breached a 1973 agreement by permitting Erbil to commence independent oil exports in 2014.  The ongoing closure of the pipeline has led to significant losses for both Baghdad and Erbil, as it has effectively halted the daily export of 450,000 barrels of

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