Oil Tensions Mount As Iraq Contradicts Turkey's Export Claims

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Oil Tensions Mount As Iraq Contradicts Turkey's Export Claims
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While Turkey claims Iraqi oil exports will resume this week, an Iraqi official suggests negotiations are ongoing and no agreement has been reached.

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“We have further meetings soon and things will be more clear on how serious is Turkey to show some flexibility,” the source said, implying that the negotiations were far from complete, and that Iraq expected more movement from Turkey before oil flows could resume. The stalemate between Iraq’s state-run oil marketing company, the Kurdistan Regional Government, and Turkey has managed to disrupt oil flows through a vital pipeline from Iraqi Kurdistan through Turkey since March 25. Talks between the parties have dragged on for months, with 400,000 barrels of oil per day no longer flowing through the pipeline.

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