Iraqi Oil Minister Basim Muhammed Hudayir announced that his country aims to increase its daily exports to over 700,000 barrels under the oil agreement signed with Turkey.
In a statement to the official Iraqi News Agency INA, Hudayir noted that on August 1, a significant agreement was signed between Iraq and Turkey extending the existing arrangements in the oil sector for another year.
The minister stated that during this one-year period, the parties will work on a draft permanent framework agreement, and that under the agreement, it is planned to export over 700,000 barrels of oil per day from Iraq's southern oil fields via the northern pipelines.