Get the latest news and updates from Dawn
ISTANBUL: Ankara and Baghdad on Saturday agreed to extend an oil pipeline agreement by one year, just days after a top-level visit by Iraqi Prime Ali al-Zaidi, officials on both sides said.
In a post on X, Energy Minister Alparslan Bayraktar said the agreement was signed following a “productive meeting” in Ankara with Iraqi Oil Minister Bassem Mohammed Khudair.
Zaidi also hailed the deal in a post on X, describing it as “an important strategic milestone” which would involve “a minimum export capacity of 750,000 barrels per day”.
The decades-old agreement on the pipeline — which carries Iraqi crude to Turkey’s Mediterranean export terminal of Ceyhan, a key outlet for regional oil shipments — had expired on Monday.
