Iraq enforcing its arbit award against Turkey in USA11 Apr 2023 18:43
Article publsied in legal press today (behind a pay-wall unfortunately), about Iraq is seeking to enforce its billion dollar+ judgment against Turkey in the USA. Sounds like Turkey is levereging the pipleine re-opening in order to try to agree favourable terms for resolving its arbitration liabilities. Could get very messy. One can imagine the Iraq government wont cry too many tears if Kurdistan Govt and the likes of KSP suffer in the meantime, just makes it cheaper/ easier for Iraq to hoover up the pieces later if the likes of KSP go to the wall. Hope I am proved wrong but talk of Southern routes for exporting the oil, does not bode well for an early resolution, sounds like both sides are now posturing with threats to delay turning the tap back on .