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Iraq, Turkey Sign Deal Linking Water Projects to Oil Revenue Payments

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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