Iraq and Turkey signed a one-year deal to increase crude oil exports through the Iraq-Turkey pipeline to Ceyhan, a Mediterranean port in Turkey. The agreement aims to diversify Iraq’s export routes and reduce its reliance on shipping lanes through the Strait of Hormuz.
The renewed agreement will facilitate the flow of 750,000 barrels of crude oil per day, according to officials. This move comes as Baghdad seeks alternative pathways for its oil exports, particularly given ongoing concerns about closures in the Hormuz Strait. No right-leaning outlets reported on this deal.
While details beyond the volume and duration are limited, the agreement signifies a collaborative effort between Iraq and Turkey to maintain energy flow despite regional instability. The pipeline provides a crucial alternative route for Iraqi oil, bypassing potential disruptions in the Gulf region.
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