Turkey announces resumption of oil pumping from Iraq’s Kurdistan Region this week

Turkey has announced that the Iraqi oil pipeline, which had ceased operations in March due to complex disputes related to payments involving the Kurdistan Region of Iraq, will resume crude oil pumping this week.

Turkey had shut down the pipeline after an Ankara arbitration court ordered the payment of approximately 1.5 billion dollars in compensation to Baghdad for transporting oil from the Kurdistan Region without the approval of the Iraqi government.