A year after the halt of the Iraq-Turkey oil pipeline, the path towards its resumption remains mired in legal and financial complications. The flow of oil through the pipeline stopped after the Paris-based International Chamber of Commerce ruled that Turkey violated the terms of the 1973 agreement.
According to the Iraqi Oil Ministry, the stoppage resulted in a loss estimated at between 11 and 12 billion dollars. The Iraqi Ministry of Oil says that foreign companies operating in the Kurdistan region of Iraq bear part of the responsibility for the delay in resuming crude exports.