Iraq: Turkey a Guarantor for Energy Peace in Iraq, Says Genel Energy President

Nov 22, 2014 | Hurriyet Daily News
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Turkey is a guarantor for energy peace between Baghdad and Arbil, according to the head of an international energy company operating in
Iraq.  

A dispute between Baghdad and Arbil over the sale of oil has turned into an international legal wrangle in recent years, as the Iraqi government brought a lawsuit against the Kurdistan Regional Government (KRG) in foreign courts. However, the two sides signed a temporary agreement to settle the oil dispute last week, clearing the way for a permanent settlement to be enacted in a joint hydrocarbon law.

“Turkey is a natural guarantor for energy peace between Baghdad and Arbil,” said Mehmet Sepil, President of Genel Energy, one of the biggest international energy companies operating in Iraq.