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Turkey, Iraq to sign 12-month extension of oil pipeline deal
Turkey and Iraq plan to extend the pipeline pact for 12 months, preserving a route that carries about 90% of Iraq’s government revenue from oil.
- Turkish Energy Minister Alparslan Bayraktar announced on Thursday that Turkey and Iraq will sign a one-year agreement within days to keep the crude oil pipeline between the two nations open.
- The nations are negotiating this extension because their decades-old pipeline agreement, which governs export flows, is scheduled to expire on July 27.
- During his official visit to Baghdad, Bayraktar met with Iraq Oil Minister Basim Mohammed and Iraqi Prime Minister Ali al-Zaidi to discuss oil and gas cooperation.
- "We have brought the agreement that will cover the next 12 months," Bayraktar said, confirming that oil flows to Turkey's port of Ceyhan will continue.
- The pipeline previously remained offline for 2.5 years after an arbitration court ordered Ankara to pay $1.5 billion in damages for unauthorized Iraqi exports between 2014 and 2018.
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Coverage Details
Total News Sources18
Leaning Left1Leaning Right5Center5Last UpdatedBias Distribution46% Center, 45% Right
Bias Distribution
- 46% of the sources are Center, 45% of the sources lean Right
46% Center
C 46%
R 45%
Factuality
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