ISTANBUL: Turkiye and Iraq signed a one-year agreement on maintaining use of the crude oil pipeline between the two countries, Turkish Energy Minister Alparslan Bayraktar said on Saturday. The agreement extended a decades-long bilateral arrangement that expired on Monday which allows the operation of Baghdad’s only functioning export pipeline, the Iraq-Turkiye Pipeline (ITP). “While our efforts continue toward a new long-term agreement for this pipeline... we have implemented this transit arrangement covering a daily capacity of 750,000 barrels,” the minister said on X.

Turkey and Iraq finalize a one-year extension of the Kirkuk-Ceyhan oil pipeline deal, averting supply disruption and buying time for longer-term

ISTANBUL: Turkiye and Iraq signed a one-year agreement on maintaining use of the crude oil pipeline between the two countries, Turkish Energy Minister Alparslan Bayraktar said on…