Yoyok Langgeng/Shutterstock Last week’s ruling by the International Chamber of Commerce (ICC) in Paris that Turkey must only allow crude exports from Iraqi Kurdistan if authorized by Baghdad marks the end of an era.With 400,000 barrels per day of Kurdish exports now halted, intense negotiations on the future of the Kurdistan Regional Government's (KRG) oil sector have begun and could take up to two months.The ruling will bring greater market clarity, with state oil marketer Somo to control all exports from northern Iraq when they resume, but darkens the KRG's upstream outlook. Save for later Print Download Share LinkedIn Twitter The Issue
