Turkey says Iraq oil pipeline will resume 'this week'

Space Industry and Business News

Turkey says Iraq oil pipeline will resume 'this week'

Turkey says Iraq oil pipeline will resume 'this week'
by AFP Staff Writers
Istanbul (AFP) Oct 2, 2023

Turkey said Monday that an Iraqi oil pipeline that ceased operations in March because of a complex payments dispute involving the Kurdish autonomous region will resume pumping crude this week.

Turkey closed the pipeline after an arbitration court ordered Ankara to pay about $1.5 billion in damages to Baghdad for transporting oil from the Kurdistan region without Iraq's approval.

Ankara contested the decision and sought damages of its own.

The autonomous Kurdish region was exporting roughly 450,000 barrels of crude per day prior to the pipeline's closure.

Turkish Energy Minister Alparslan Bayraktar told an energy forum in Abu Dhabi that the dispute has been settled and "we will start to operate (the pipeline) this week".

He did not disclose details of the agreement.

Turkey had previously said it was conducting repairs to its section of the oil link in the wake of a major February earthquake.

The Iraqi federal government and the Kurdistan autonomous region signed their own temporary oil accord in April.

The deal signalled the end of independent oil exports by northern Iraq's Kurdish regional government.

Related Links
All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters

RELATED CONTENT

The following news reports may link to other Space Media Network websites.

California's green drive leaves its oil towns behind
Taft, United States (AFP) Oct 1, 2023
Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century. But he knows the state's ambitious environmental policies will put an end to the practice much sooner than that. Oil extraction "could continue for another 100 years," he told AFP. But it won't. "Twelve to 14 years" for his company at the rate things are changing, he says. California produces 311,000 barrels of crude oil every day, around 2. ... read more

Metal-loving microbes could replace chemical processing of rare earths

Material matters

Mineral-hungry clean tech sees countries seeking to escape China's shadow

Green issues dominate Paris fashion as green tech marketplace debuts

SSC partners with Johns Hopkins for software best practices in protected SATCOM

Picogrid releases smallest AI-Enabled Command Station deployable in minutes

PLD SPACE signs a MOU with WISeKey to launch ultra-secure satellites with MIURA 5

Space Force awards Viasat contract for Proliferated Low Earth Orbit Satellite Services

Galileo becomes faster for every user

Present and future of satellite navigation

New Galileo station goes on duty

Potential earthquake precursor discovered through GPS measurements

Airbus wins Cathay Pacific order for 32 more A320neo jets

AI copilot enhances human precision for safer aviation

Government and industry collaboration leads to first air taxi delivery

Long-haul flights - small changes with a big climate impact

EU moves to protect sensitive tech from rivals, China

Simulations reveal the atomic-scale story of qubits

New qubit circuit enables quantum operations with higher accuracy

System combines light and electrons to unlock faster, greener computing

Big Earth Data can support sustainable development goals

Trio of Sentinel satellites map methane super-emitters

NASA-led study pinpoints areas of New York City sinking, rising

Japanese scientists find microplastics are present in clouds

Vietnam jails climate activist for tax evasion; Thai court drops charges over murdered activist

US adopts plan to phase out single-use plastics at national parks

Vietnam court jails climate activist for tax evasion

European firms scrap toxic ships on Bangladesh beaches: HRW

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.