Kurds Optimistic But No Quick Resolution in Baghdad Oil Dispute
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Delegates from Iraqi Kurdistan expressed optimism after talks with Baghdad last week over resuming oil exports from the semi-autonomous region, but a top Kurdish official said there’s no quick resolution in sight.
Turkey halted flows through a twin pipeline in late March after an arbitration court ordered it to pay about $1.5 billion in damages to Iraq for transporting oil without Baghdad’s approval. A resumption of oil flows from Kurdistan could cushion some of the impact on markets over the cut of shipments from Iraq, a top source of crude.