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Turkey and Iraq extend oil pipeline use
Turkey and Iraq have signed a one-year agreement allowing the continued operation of the oil pipeline between the two countries. This pipeline is Iraq’s only export route in Baghdad, following the end of a long-standing bilateral arrangement. The agreement permits the transfer of approximately 750,000 barrels per day, with the possibility of extension to negotiate a long-term deal. Turkey aims to fully utilize its capacity of 1.5 million barrels per day, potentially including oil fields in southern Iraq. Currently, the pipeline transports about 170,000 barrels per day. The agreement provides time for ongoing discussions about future development and utilization of the pipeline.
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