Turkey Wants to Negotiate Payments to Iraq Before Oil Exports Resume

Turkey wants to negotiate with Iraq a settlement that it’s been ordered to pay before an oil pipeline that exports 400,000 barrels a day is reopened, according to two Turkish officials familiar with the situation.  

A legal spat between the two countries halted a pipeline that carried crude from semi-autonomous Kurdistan on March 25. Baghdad, which has for years claimed control of Kurdish exports, agreed with the regional government this week to resume shipments. But it could be delayed by payments owed by Turkey to Iraq, adding to concerns over tight global oil supplies following big OPEC+ output cuts.

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