UPDATE: Iraq files for arbitration against Turkey, Botas
Oil Ministry files in International Chamber of Commerce for immediate halt to Kurdish oil sales, as KRG announces revenues will stay in Turkey.
Kurdish Prime Minister Nechirvan Barzani (R), Turkish Energy Minister Taner Yildiz (C) and Kurdish Minister of Natural Resources Ashti Hawrami attend a conference in Erbil on May 20, 2012. (AZAD LASHKARI/Reuters)
Iraq on Friday took legal action against Turkey for facilitating autonomous oil exports by the Kurdistan Regional Government (KRG) without Baghdad's approval.
In a statement given to Iraq Oil Report on Friday, the ministry claims Turkey's transportation, storing and loading of Kurdish crude oil over the past five months violates the treaty that governs the Iraq-Turkey Pipeline (ITP). The ministry has filed a request for arbitration at the International Chamber of Commerce in Paris against Turkey and state pipeline operator Botas.
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