Iraq has won an arbitration case against Turkiye in the Paris-based International Chamber of Commerce and the flow of oil through the pipeline was stopped as of March 25. Quoting a statement by the Iraqi government, Reuters said that Turkiye must pay $1.4 billion to Iraq, plus the interest according to the market rate. Iraq’s original claim was $34 billion. Ankara had feared
A terrorist attack blamed on Islamic State in eastern Syria killed at least 10 oil field workers, a day after the Syrian Kurdish-led forces warned of an incursion on the militants.
The attack targeting three buses transporting workers from the al-Taim oil field in Deir Ezzor province killed nearly a dozen people and injured two others, the SANA news agency reported.
The nature of the attack in the Kurdish-held area remains unknown. However, a British-based war monitor said Islamic State group cells attacked the oil field.
EU - Economic Sanctions At The National And International Level And Their Impact On Charities. Legal News and Analysis - EU, Europe - Dispute Resolution - International Arbitration, Regulatory & Compliance -
Although China is dangling economic incentives in front of the Taliban, it does so to extract security guarantees while seeking to ameliorate development challenges in Afghanistan for fear that poverty may drive instability.
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