Is The Iraqi Oil Export Embargo Set To Be Lifted After Landmark Legal Ruling?
It is coming up to two years since oil exports from the semi-autonomous Kurdistan region of Iraq (KRI) through the Iraq-Turkey Pipeline (ITP) were halted by the Federal Government of Iraq (FGI). Billions of dollars in export revenues have been lost by both sides, in addition to the many foreign oil firms working in the region. However, according to local news sources, on 18 December the Karkh Court of Appeals in Baghdad reversed previous rulings favouring the FGI’s Oil Ministry. These had sought to permanently invalidate foreign firms’…
