Türkiye and Iraq have signed a one-year agreement to maintain oil exports through the Kirkuk-Ceyhan pipeline, strengthening energy cooperation as global oil markets continue to face uncertainty.
The agreement, signed by Türkiye's state pipeline operator BOTAS and Iraq's state oil companies SOMO and NOC, guarantees the transportation of up to 750,000 barrels of crude oil per day while both countries negotiate a long-term energy partnership.
Turkish Energy Minister Alparslan Bayraktar said the temporary arrangement followed productive talks with Iraqi Oil Minister Bassem Mohammed Khudair, describing it as an important step toward a broader energy cooperation framework.
Iraqi Prime Minister Ali al-Zaidi welcomed the deal, calling it a strategic milestone that will strengthen collaboration between the two countries in oil, electricity, water resources, and other sectors aimed at promoting regional development and stability.
The agreement comes shortly after a meeting in Ankara between Turkish President Recep Tayyip Erdoğan and Prime Minister al-Zaidi, where both leaders discussed expanding bilateral energy cooperation.
The renewed pipeline deal is particularly significant after disruptions to Gulf oil exports earlier this year forced Iraq to seek alternative export routes. The Kirkuk-Ceyhan pipeline provides Iraq with a crucial connection to the Mediterranean, helping diversify its export options.
Although the pipeline has a maximum capacity of 1.5 million barrels per day, it is currently transporting only about 170,000 barrels daily, mainly from Iraq's Kurdistan region. Officials from both countries said discussions are continuing on a long-term agreement that could eventually expand the pipeline to carry crude from Iraq's southern oil fields as well.
.jpeg)
.jpeg "Sunayen kofofin aljanna guda takwas 8")
0 Comment about the Post: