Iraq’s claim that Türkiye is in violation of a 1973 pipeline transit agreement by allowing oil exports to flow from the Iraqi Kurdistan region without Baghdad’s consent has been accepted by the Paris-based Court of Arbitration, APA reports citing The Financial Times.
Local reports on March 26 indicated that oil flows from Kurdistan to Türkiye's Mediterranean port of Ceyhan were suspended in the wake of the court ruling.
Iraq’s oil ministry said the country’s State Oil Marketing Organisation (SOMO),was the “only party” that would manage exports through Ceyhan.
The ministry added that it would discuss “mechanisms for exporting Iraqi oil through [Türkiye's] Ceyhan port with the concerned authorities in the Kurdistan region as well as with the Turkish authorities”. The approach would guarantee exports would be sustained and international commitments met, it said.