May 23, 2014 / 3:04 PM / in 6 years

Iraq files arbitration request against Turkey over Kurdish oil

BAGHDAD, May 23 (Reuters) - The Iraqi government filed a request on Friday for arbitration against Turkey and pipeline firm BOTAS with the Paris-based International Chamber of Commerce over the selling of oil from Iraq’s semi-autonomous Kurdistan region.

“The Ministry of Oil of the Republic of Iraq announced today that it has filed a request for arbitration against the Republic of Turkey and its state-owned pipeline operator BOTAS,” the government said in a statement.

Iraq said it was seeking to stop the “unauthorized transportation, storage and loading of crude oil pumped into the Iraq-Turkey pipeline by the Kurdistan Regional Government (KRG)”.

European markets bought the first load of oil to be carried by pipeline from Iraqi Kurdistan, the KRG said in a statement earlier on Friday, adding that the revenue will be deposited in Turkey’s Halkbank .

Reporting By Ned Parker; editing by Keiron Henderson

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