Analysis: Iraq-Turkey treaty restricts Kurdistan exports
If Turkey allows Kurdistan to export oil without Baghdad's permission, it would likely break a treaty with Iraq, adding a huge layer of legal risk to KRG oil sales.
The original start of the Iraq-Turkey Pipeline in Kirkuk. (BEN LANDO/Iraq Oil Report)
ERBIL - Nearly five months after the Kurdistan Regional Government (KRG) finalized a strategic energy agreement with Turkey, the deal has lost momentum: more than 1.5 million barrels of crude from Kurdistan have been pumped into tanks by the Turkish shore, ready for sale to international buyers - but they remain unsold.
One key reason for the holdup is that Turkey may not lawfully be able to facilitate autonomous KRG exports unless Baghdad agrees, according to an international treaty between Iraq and Turkey, which governs the use of the Iraq-Turkey Pipeline (ITP) and related export facilities at the Turkish port of Ceyhan.
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