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The Latest Breaking News from Ceyhan

Turkey talks tough on Israel but resists calls to cut off oil

With Israeli forces stepping up their assault on the Gaza Strip and Turkish President Recep Tayyip Erdogan continuing to ramp up his rhetoric against the government of Prime Minister Benjamin Netanyahu, Ankara is nonetheless resisting calls to cut off vital oil deliveries to Israel.

Radio France Internationale

Crude Prices Fall Back as They Follow Stock Prices Lower

June WTI crude oil (CLM23 ) on Friday closed down -0.31 (-0.43%), and June RBOB gasoline (RBM23 ) closed up +0.78 (+0.30%). Crude oil and gasoline prices Friday gave up an early advance and settled mixed. A risk-off sentiment weighed on crude prices Friday after stocks retreated from an early...

Barchart

Iraq’s Northern Oil Exports Stuck on Türkiye Negotiations

Oil exports from northern Iraq to the Turkish port of Ceyhan remain at a standstill almost three weeks after an arbitration case ruled Ankara owed Baghdad compensation for unauthorized exports. The March 23 arbitration ruling by the International Chamber of Commerce (ICC) ordered Türkiye to pay Baghdad damages of $1.5…

Asharq Al-Awsat

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Iraq, KRG reach deal to resume oil exports: Kurdish official

Turkey had stopped extracting oil from the Kurdish region to its Ceyhan port after Iraq won an arbitration case.

Al Jazeera

Baghdad and KRG Close to Deal to Resume Iraq’s Northern Oil Exports

Iraq's federal government and the Kurdistan Regional Government (KRG) are close to striking a deal aimed at resuming northern oil exports, four sources familiar with the discussions told Reuters on Saturday. Türkiye stopped pipeline flows from the Kirkuk fields in northern Iraq's semi-autonomous Kurdistan region to its port of Ceyhan…

Asharq Al-Awsat

Iraqi Kurdistan Region’s Oil Output at Risk after Türkiye Halts Pipeline Exports

Oil production in Iraq's semi-autonomous Kurdistan region (KRI) is at risk after a halt in northern exports has forced firms operating there to cease output or divert crude to storage, where capacity is limited. Iraq was forced to halt around 450,000 barrels per day (bpd) of crude exports, or half…

Asharq Al-Awsat

Iraq-Türkiye Pipeline Shutdown on Turkish Government Orders

The Kurdistan Pipeline Company has shut the Iraq-Türkiye pipeline at the request of the Turkish government, oil companies in the regions said on Monday. The news comes after comes after Iraq on Saturday halted crude exports from its northern region after the country won an arbitration case in which it…

Asharq Al-Awsat

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Iraq Halts Northern Crude Exports after Winning Arbitration Case against Türkiye

Iraq halted crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after the country won a longstanding arbitration case against Türkiye. The decision to stop shipments of 450,000 barrels per day (bpd) of crude relates to a case from 2014, when…

Asharq Al-Awsat

Iraqi Federal Court Deems Kurdish Oil and Gas Law Unconstitutional

Iraq's federal court on Tuesday deemed an oil and gas law regulating the oil industry in Iraqi Kurdistan unconstitutional, according to a document seen by Reuters. The Kurdish regional government (KRG) has been developing oil and gas resources independently of the federal government, and in 2007 enacted its own law…

Asharq Al-Awsat

Turkey: Kirkuk-Ceyhan pipeline operational after fire put out

The fire resulting from an explosion along the pipeline has been put out; cause remains unknown.

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