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- October 23, 202622°
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Turkey and Iraq prepare to sign 12-month oil pipeline deal
Energy and Natural Resources Minister Alparslan Bayraktar announced after meeting with Iraq's Oil Minister in Baghdad that the crude oil pipeline agreement between the two countries has reached its final stage and will be signed soon.
Energy and Natural Resources Minister Alparslan Bayraktar met with Iraqi Oil Minister Basim Muhammed Hüdeyir in Baghdad, the capital of Iraq. The two ministers discussed cooperation opportunities in the energy field.
After the meeting, Minister Bayraktar said, "We evaluated cooperation topics we can develop in oil and natural gas, primarily the Iraq-Turkey Crude Oil Pipeline."
Bayraktar emphasized the effective use of existing energy infrastructure and the importance of new connections, stating, "In line with this vision, we continue our work with the goal of transforming the Development Road Project not only into a trade and transportation corridor but also into a regional energy line."
Noting the importance of close cooperation with the new government in Iraq, Bayraktar said, "We believe that concrete steps to be taken in this context will take the partnership between the two countries to a higher level."
Minister Bayraktar stated that the agreement covering the next 12 months for the Iraq-Turkey oil pipeline has been brought to its final stage, saying, "We aim to sign it in the coming days and share it with the public."
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