ISTANBUL, April 11 (Reuters) - Iraq has petitioned a
U.S. federal court to enforce an arbitration award against
Turkey related to Iraqi oil exports through a pipeline to a
Turkish port, according to documents filed with the court.
Under last month's International Chamber of Commerce (ICC)
arbitration ruling, Iraq was awarded damages in a case in which
Baghdad accused Ankara of allowing the Kurdish Regional
Government (KRG) to export oil without Baghdad's consent between
2014-2018.
The petition, filed with the U.S. District Court of the
District of Columbia, requested from the court, "Recognizing,
Confirming, and Enforcing the Final Award issued by the Arbitral
Tribunal."
The arbitration ruling prompted Turkey to halt oil flows,
corresponding to about 0.5% of global supply, on the pipeline to
the Turkish port of Ceyhan. Baghdad deems KRG exports via Ceyhan
illegal.
Iraq's federal government and the KRG signed a temporary
agreement last week that would allow northern oil exports
through Turkey to restart, but flows haven't started, according
to shippers.
Turkey wants another case that covers the period from 2018
onward resolved before reopening the pipeline, sources have
previously told Reuters.
Iraq said on March 25 that it had won the arbitration case.
According to a source familiar with the case, Turkey was ordered
to pay Iraq around $1.5 billion before interest in a ruling that
covers 2014-2018.
Three days later, Turkey's Energy Ministry said Iraq had
also been ordered by the ICC to pay compensation to Ankara.
(Reporting by Can Sezer, Rowena Edwards;
Writing by Daren Butler;
Editing by Leslie Adler)
daren.butler.thomsonreuters.com@reuters.net))
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