The international arbitration court ordered Türkiye to pay Iraq $1.4 billion for oil exports from Iraqi Kurdistan without permission from Baghdad.
The International Court of Arbitration in Paris ruled in favor of Iraq in the Kurdistan oil dispute with Türkiye, which stopped oil shipments on Saturday.
The Iraqi oil ministry welcomed the favorable ruling from the International Court of Arbitration which had been issued on Thursday.
Since early 2014, TYürkiye has allowed the Kurdish government to export oil independently of the federal Oil Ministry in order to replace withheld Iraqi budget transfers.
In May 2014, the dispute spurred Iraq’s State Oil Marketing Organization to file an ICC arbitration claim on behalf of the Oil Ministry. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
The health ministry in Gaza said on Monday that the Israeli occupation army committed 10 massacres in different areas of the Gaza Strip during the past 24 hours, killing at least 106 civilians and injuring over 176 others, while a large number of victims are still under the rubble of bombed buildings or lying on roads.
The President of Iran, Ebrahim Raisi, along with Foreign Minister Amir-Abdollahian and several others, perished in a helicopter crash.
The United Arab Emirates (UAE) has successfully sent humanitarian aid to Gaza through a port constructed by the United States on the Gaza coast.
More than 800,000 Palestinians have been forced to flee Rafah in the past two weeks due to ongoing Israeli military operations, according to Philippe Lazzarini, Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).