Northern exports still off as Turkey cites “technical issues”
Iraq is ready to restart pipeline exports and relieve financial pressure on the KRG, but Turkey’s delays are prompting speculation of political complications.
Iraqi Prime Minister Mohammed Shia al-Sudani (center right) is received by Turkish President Recep Tayyip Erdogan (center) in Ankara on March 21, 2023. (Photo credit: Iraqi Prime Minister's Office)
ISTANBUL - Turkey has declined Iraq’s recent instruction to resume oil exports on Saturday, citing technical reasons, according to two officials at Iraq’s state oil marketing company (SOMO).
The delay further prolongs a pipeline outage that has already lasted seven weeks, removing 475,000 barrels per day (bpd) of crude exports from global markets and presenting an existential threat to the oil industry in Iraqi Kurdistan.
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