Turkey announced Monday the resumed operations of an Iraqi oil pipeline that was halted in March due to a payment dispute.
Turkey closed the pipeline after an arbitration court ordered Ankara to pay about $1.5 billion in damages to Baghdad for transporting oil from the Kurdistan region without Iraq's approval.
Ankara contested the decision and sought damages of its own.
The autonomous Kurdistan region exported roughly 450,000 barrels of crude per day prior to the pipeline's closure.
Turkish Energy Minister Alparslan Bayraktar told an energy forum in Abu Dhabi that the dispute has been settled and "we will start to operate [the pipeline] this week."
He did not disclose details of the agreement.
Turkey previously said it was conducting repairs to its section of the oil link after it suffered a major earthquake in February.
The Iraqi federal government and the country's Kurdistan region signed their own temporary oil accord in April.
The deal signaled the end of the Kurdish regional government's independent export of oil.
Turkey closed the pipeline after an arbitration court ordered Ankara to pay about $1.5 billion in damages to Baghdad for transporting oil from the Kurdistan region without Iraq's approval.
Ankara contested the...