Iraq and Turkey agree on daily oil transfer
Iraq and Turkey signed an agreement to transfer 750,000 barrels of oil daily via their pipeline for one year, aiming to enhance energy supply stability and benefit global markets. This agreement strengthens the pipeline's role in supporting worldwide oil supply security and contributes to trade relations between the two countries, especially amid the crisis facing the Gulf region, where 20 million barrels are stranded. Both parties are looking to fully utilize the pipeline's capacity of 1.5 million barrels per day, with two pipelines continuing to operate for fifty years to serve the oil industries in the region.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)