Turkey and Iraq agree to oil pipeline operation

Turkey and Iraq have signed a one-year agreement aimed at improving the utilization of the oil pipeline connecting the two countries, allowing for the transfer of up to 750,000 barrels per day through the Turkish port of Ceyhan. This agreement is part of efforts to enhance cooperation in the energy sector and seeks to fully operate the infrastructure necessary for exporting Iraqi oil to global markets, while negotiations for a long-term agreement continue. The pipeline is considered one of the most important oil export routes in the region, and its significance has increased amidst global market developments, as it is a vital element in ensuring the security of regional and international energy supplies.

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