(MENAFN- Iraq Business News) By John Lee.
Following the suspension of oil exports from iraq via pipeline to the Turkish port of Ceyhan, a statement from the Turkish Ministry of Energy claims that the court ordered Iraq to pay compensation to Turkey.
This appears to contradict previous reports which said that Turkiye was ordered to pay around $1.5 billion to Iraq.
The statement also said that the Paris-based International Court of Arbitration , which operates under the auspices of the International Chamber of Commerce (ICC) , rejected four of Iraq's five requests.
Turkiye, it said, remains committed to fulfilling international law and contributing to the permanent settlement of the conflict.
(Source: turkish ministry of energy )
The post turkiye claims baghdad must compensate ankara in oil dispute first appeared on iraq business news .
MENAFN29032023000217011061ID1105897874
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.