Oil exports to Turkey resume

Turkey’s security authorities allow the Iraq-Turkey Pipeline to reopen after 23 days.
Oil exports to Turkey resume
Oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS). (UMIT BEKTAS/Reuters)

ERBIL - Oil is flowing again through the Iraq-Turkey Pipeline (ITP), more than three weeks after Turkey shut it down due to security problems.

The restart, confirmed by two oil industry officials who monitor the line, is a welcome relief for both the Kurdistan Regional Government (KRG), which is already stretched thin by a financial crisis, and Kirkuk province, which recently began receiving petrodollar payments from the KRG that are proportional to the amount of oil exported from Kirkuk fields.

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