Iran withdraws as Turkey extends in Iraq
The article discusses Turkey's expanding influence in Iraq through strengthening its presence in the energy and infrastructure sectors, especially amidst the decline of Iran's regional influence. Turkey is seeking to capitalize on Iran's retreat and increase cooperation with Baghdad through agreements to export oil via the Iraq-Turkey pipeline, as well as developing projects like the "Development Road" to connect Iraq with Europe. This provides Iraq with alternative export routes and enhances its ability to diversify its economy. This move comes in the context of Iran's diminishing regional influence and shifting regional power balances. Turkish-Iraqi cooperation is part of a long-term strategy to bolster Turkey's influence in the region and reduce reliance on the Strait of Hormuz, with expectations that oil transportation capacity will reach 750,000 barrels per day within a year, although current flows are below that level.
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