Turkey's runoff election is paralyzing key oil exports from northern Iraq

United States News News

Turkey's runoff election is paralyzing key oil exports from northern Iraq
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

The Turkish port of Ceyhan typically ships out exports of Iraq's northern Kirkuk crude oil.

In addition to deciding marketing distribution, Baghdad and Kurdistan might also have to rework the agreements under which foreign firms have prepaid sums to Erbil in exchange for oil volumes, as well as the reimbursement contracts for foreign producers of Kurdish oil, market sources say.

Bilal Wahab, Wagner fellow at the Washington Institute for Near East Policy, agreed that control of the Kurdish oil export flows arms Turkey with the leverage to ask Baghdad to drop its fine and second arbitration suit, as well as redefine the scope of Ankara's business relationship with Iraq.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Report: President Biden Yet Again Incorrectly Claims Son Beau Died in IraqReport: President Biden Yet Again Incorrectly Claims Son Beau Died in IraqPresident Joe Biden used the backdrop of a conversation with U.S. servicemen to once again falsely claim his late son Beau died in the Iraq War.
Read more »

Winning formula: Unravelling Erdogan's impact on Türkiye’s transformationWinning formula: Unravelling Erdogan's impact on Türkiye’s transformation“President Recep Tayyip Erdogan has played a crucial role in Turkish politics, and his views and actions have significantly shaped Türkiye’s political, economic, and societal landscape” Opinion | NevzatCelik
Read more »

Quintuplets whose birth touched hearts nationwide graduate Utah high schoolQuintuplets whose birth touched hearts nationwide graduate Utah high schoolIn 2004, while their father was hospitalized after being wounded in Iraq, a set of quintuplets was born in Chicago and their story touched hearts around the country.
Read more »

Make the Best Old Fashioned You've Ever Had With These 15 WhiskiesMake the Best Old Fashioned You've Ever Had With These 15 WhiskiesLearn about the best bottles of whiskey from producers like Maker's Mark, Wild Turkey, Pinhook, and more to use in a classic Old Fashioned cocktail.
Read more »

U.S. working on limited bird flu vaccination for turkeysU.S. working on limited bird flu vaccination for turkeysThe United States is working on a bird flu vaccination scenario focusing on turkeys in the few states that gather the largest number of turkey farms, a move that would best meet a benefit-cost strategy, its chief veterinary officer said on Tuesday.
Read more »

Swift, deadly epidemic kills all the black sea urchins in Gulf of Eilat, posing threat to Eilat's coral reefSwift, deadly epidemic kills all the black sea urchins in Gulf of Eilat, posing threat to Eilat's coral reefA series of new, disturbing studies from Tel Aviv University reveals a deadly epidemic causing mass mortality of black sea urchins in the Mediterranean Sea and the Gulf of Eilat. The entire population of black sea urchins in Eilat was wiped out over a couple of months. For example, thousands of sea urchins living in a site near the northern shore of the Gulf of Eilat died out over the course of a few weeks. The epidemic was so severe, that today no living black sea urchins have remained at the site, only skeletons. The same has happened at other sites in the Gulf of Eilat. The studies note that such extensive mortality is also occurring in other countries in the region, including Jordan, Egypt, Saudi Arabia, Greece, and Turkey.
Read more »



Render Time: 2025-03-05 21:19:11