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Iraq, Turkey Sign Deal Linking Water Projects to Oil Revenue Payments
The agreement finances Iraqi water projects by Turkish firms using revenue from Iraqi oil exports to Turkey, addressing 70% of Iraq's water sourced from neighboring countries.
- On Sunday, Iraq and Turkey signed a new agreement for Turkish firms to carry out water infrastructure projects in Iraq, financed by proceeds of Iraqi oil exports to Turkey.
- Water scarcity has long been an issue, as roughly 70% of Iraq's water resources originate from neighbouring countries via the Tigris and Euphrates rivers, both flowing from Turkey.
- The government said it will invite bids from Turkish companies and set up a committee to oversee projects under the implementation mechanism formalised last year.
- Officials formalised an implementation mechanism for last year's water cooperation agreement, but the Iraqi prime minister's office said details were not disclosed.
- The initial phase is expected to include three water-harvesting dams and three land reclamation initiatives, an Iraqi water resources official said.
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21 Articles
21 Articles
Iraq and Turkey have signed an agreement to secure water supply, and the framework agreement was signed in Baghdad in April 2024.
·Vienna, Austria
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The Straits Times+3 Reposted by 3 other sources
Iraq, Turkey sign deal on Iraqi water infrastructure projects
BAGHDAD - Iraq signed a deal with Turkey on Sunday under which water infrastructure projects to be carried out by Turkish firms will be financed with revenue from oil sales, a Turkish official said. Read more at straitstimes.com.
·Singapore
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Coverage Details
Total News Sources21
Leaning Left5Leaning Right5Center1Last UpdatedBias Distribution46% Left, 45% Right
Bias Distribution
- 46% of the sources lean Left, 45% of the sources lean Right
46% Left
L 46%
R 45%
Factuality
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