Iraq, Turkiye Yet to Agree on Northern Oil Exports Resumption
08.23.2023 By Tank Terminals - NEWS

August 23, 2023 [Arab News]- Iraq’s oil minister and his Turkish counterpart did not reach an agreement to immediately resume Iraq’s northern oil exports but agreed to hold more talks in the future, said two energy sources with knowledge of the ministers’ meeting in Ankara on Tuesday.

 

Turkiye halted flows on March 25 after an arbitration ruling by the International Chamber of Commerce ordered Ankara to pay Baghdad damages of $1.5 billion for unauthorized exports by the Kurdistan Regional Government between 2014 and 2018.

The block consists mainly of oil originating from Iraq’s semi-autonomous Kurdish region.

The results of the meeting were to allow Turkiye and Iraq to finalize pipeline maintenance before resuming oil flow, said an Oil Ministry statement.

Iraq’s Oil Minister Hayan Abdel-Ghani had arrived in the Turkish capital to discuss issues including the resumption of oil exports through the Ceyhan oil terminal, a source in the minister’s office said earlier.

An Iraqi Oil Ministry official who is close to the northern oil exports operations said on Tuesday that the Turkish Energy Ministry informed Iraq’s state-owned marketer SOMO last month that it needed more time to check the technical feasibility of the pipeline to resume flows.

“Turkish Energy Ministry informed SOMO last month that more time is needed to check the pipeline and crude storage tanks in Ceyhan for any damages resulting from the earthquake-hit Turkiye,” said the Iraqi official.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Axalta to Acquire the CoverFlexx Group, a Leading Aftermarket Coatings Business Focused on Economy Customers in North America
05.17.2024 - NEWS
May 17, 2024 [Axalta]- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, to... Read More
Airport Operator Groupe ADP Invests $20 Million in Sustainable Aviation Fuel Provider LanzaJet
05.17.2024 - NEWS
May 17, 2024 [ESG Today]- Sustainable aviation fuel (SAF) technology and production company Lanza... Read More
Nordsol and Prodeval Announce Groundbreaking Bio-LNG Production Facility in Portugal
05.17.2024 - NEWS
May 17, 2024 [Storage Terminals Magazine]- Nordsol, a pioneer in bio-LNG technology, and Prodeval... Read More
Dow Expands Propylene Glycol Capacity in Thailand
05.17.2024 - NEWS
May 17, 2024 [Dow]- Dow announced the start-up of its propylene glycol (PG) capacity expansion at... Read More