ERBIL — Turkey has officially notified Iraq that the northern export pipeline is prepared for operation. This move now places the responsibility on Iraq to restore 475,000 barrels per day (bpd) of crude to global markets.
In a letter dated Oct. 2 addressed to Iraq’s State Oil Marketing Organization (SOMO), the Turkish Petroleum Pipeline Corporation (BOTAS) communicated that "the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage, and loading of crude oil coming from Iraq on 04.10.2023,” as reported by Iraqi Oil Report.
Iraqi Prime Minister Mohammed Shia’ al-Sudani announced during his participation in an energy conference in Moscow on Wednesday, October 11, that the Turkish government had officially conveyed its readiness to resume the export of Kurdistan Region oil.
The export of Kurdistan Region oil has been halted since March 25, 2023, following a request from the Iraqi government after it secured a legal judgment against Turkey at the International Court of Arbitration in Paris.