Turkey and Iraq agree to pipeline use
Turkey and Iraq have signed a one-year agreement to ensure the effective use of the oil pipeline extending to the port of Ceyhan, in order to enhance regional and global oil supply security. The agreement stipulates managing transit operations to allow the transfer of approximately 750,000 barrels of Iraqi oil daily through the pipeline, with the aim of signing a comprehensive long-term agreement. These measures come as part of efforts to strengthen cooperation in the energy sector, including doubling oil flows and expanding trade exchanges, following Iraqi Prime Minister's proposal to supply Turkey with one million barrels of oil per day, to support the stability of global energy markets.
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