Iraqi-Turkish Talks on Oil Export Deal
Iraq is working on forming a high-level negotiation committee with Turkey to extend the oil export agreement via its pipelines to the port of Ceyhan, as the current agreement approaches its expiration date. The goal is to maintain the stability of export flows and secure the global oil market. The committee aims to increase export quantities from around 200,000 barrels currently to more than 350,000 to 400,000 barrels per month, especially after the closure of the Strait of Hormuz and its impact on the oil market.
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