(Amwaj.media-UK) Noam Raydan - The flow of crude oil from Kurdistan in northern Iraq to Israel was temporarily suspended on Mar. 25. Some 40% of Israel's oil supplies were sourced from Kurdistan in the first three months of 2023 - almost double the proportion in 2022, according to data intelligence firm Kpler. The oil flows through a pipeline to the Turkish port of Ceyhan. This trade was disrupted when an international arbitration court ruled in favor of the Iraqi federal government in its claim against Turkey over Ankara's decision to permit the Kurdistan Regional Government (KRG) to export oil via Ceyhan without its permission and in violation of a 1973 agreement governing the Iraq-Turkey Crude Oil Pipeline. Israel also sources its crude oil needs from Azerbaijan, Brazil, Gabon, Kazakhstan, and Nigeria.
2023-04-05 00:00:00Full ArticleBACK Visit the Daily Alert Archive