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Iraq’s Oil Exports Still Seeing 450,000 bpd Hiccup

Turkey still hasn’t resumed the flow of crude oil from Iraq, with 450,000 bpd in Iraqi oil exports still offline, anonymous sources told Reuters on Friday. The International Chamber of Commerce (ICC) ruled three weeks ago that Turkey must pay Iraq $1.5 billion in damages for receiving oil from the semi-autonomous Kurdistan region in Iraq without Baghdad’s permission from 2014 to 2018. Turkey responded by halting the flow of crude oil overseen by the Kurdistan Regional Government. The flows have not resumed despite a temporary agreement…

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