3 Hrs
Source:
Sky News
Iraq oil continues to flow to Turkey despite pipeline deal
The article discusses the continued flow of Iraqi oil through the Kirkuk-Jihan pipeline to Turkey, despite the expiration of the bilateral agreement governing the pipeline's operation, which has not yet been renewed despite ongoing negotiations. The pipeline remains the only outlet for exporting oil from northern Iraq, and its development helps reduce dependence on southern ports while increasing its capacity, currently transporting around 170,000 barrels per day out of a maximum capacity of 1.5 million barrels. The article highlights that talks between Baghdad and Ankara aim to sign a new temporary agreement to ensure the continuation of exports during negotiations for a comprehensive framework. This overarching agreement seeks to enhance the pipeline's utilization and connect it to new production areas, with expectations that such arrangements would be extended for a limited period to give both countries the opportunity to reach a broader agreement.
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