Search results
Results from the WOW.Com Content Network
A year after the closure of the Iraq-Turkey oil pipeline, the conduit that once handled about 0.5% of global oil supply is still stuck in limbo as legal and financial hurdles impede the resumption ...
On 26 October 2009, the blast near Mosul halted oil supplies through the pipeline. [3] On 16 August 2013, at around 0100 GMT near the al-Shura area 60 km to the south of the city of Mosul a bomb attack damaged the pipeline. [4] On 3 September 2013, at around 0200 GMT near Ein al-Jahash area, a bomb attack damaged the pipeline. [5]
Turkey halted flows on the pipeline, Iraq's northern oil export route, after an arbitration ruling by the International Chamber of Commerce ordered Ankara to pay Baghdad damages for unauthorised ...
Baghdad is repairing a pipeline that could allow it to send 350,000 barrels per day (bpd) to Turkey by the end of the month, an Iraqi deputy oil minister said on Monday, a step likely to rile oil ...
The closure of borders between the two countries caused a 70% decline in trade, which is now predicted to increase sharply. [67] In August 2023, Turkey's halt of oil flow through the Iraq-Turkey pipeline, following a legal dispute and compensation ruling, has led to economic, political, and legal consequences.
Iraq claimed Turkey had breached provisions of the Iraq-Turkey Pipeline Agreement (ITPA 1973) by not heeding the instructions of the Iraqi Ministry of Oil. In February 2023, the International Court of Arbitration issued a verdict in favour of Iraq and on 25 March 2023, all oil exports from the Kurdistan Region were halted. Since then, the KRG ...
Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and mountainous highways.
Different foci in their extended foreign relations, however, did not preclude Iraq and Turkey from cooperating in common areas of interest. The Baghdad Pact is the evidence of the cooperation between two countries. On 24 February 1954, Iraq and Turkey signed a mutual-defense pact intended to contain the growth of Soviet influence in the region.