Turkey declines pipeline agreement extension

The article concerns Turkey's stance on extending the Kirkuk-Ceyhan pipeline agreement following Iraq's request for a one-year extension. Ankara has stated that it does not wish to extend it in its current form, considering that the agreement, which has undergone arbitration, is no longer beneficial to extend, and prefers to reach a new deal instead. The current agreement expires on July 27, while Baghdad is seeking to extend it to continue negotiations, amidst an ongoing long-standing legal dispute between the two countries over oil exports through the Ceyhan port. The pipeline is one of the most important routes for Iraqi oil exports, and the outcome of the negotiations will impact oil flows and energy markets.

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