Türkiye is pressing Iraq to include a clause in a new energy deal that guarantees full utilization of the Kirkuk-Ceyhan oil pipeline, which has remained idle since 2023 due to legal disputes.
Turkish Energy Minister Alparslan Bayraktar has emphasized that any future energy agreement between Türkiye and Iraq must contain a mechanism to ensure the full operation of the Kirkuk-Ceyhan oil pipeline.
"This pipeline has a capacity of almost 1.5 million barrels per day. There's no flow at the moment. Even when it did flow, it was never at full capacity," Bayraktar said.
Although Ankara is appealing the decision, it is also looking to expand cooperation with Iraq in areas such as oil, gas, petrochemicals, and electricity.
Bayraktar noted that even when the pipeline was operational, it never reached full capacity.
"It (the pipeline) doesn't have to be filled entirely with oil from Iraq. To reach those figures, the pipeline needs to reach the south anyway," he said.
Türkiye is now proposing to extend the pipeline to Iraq’s southern regions, aligning with the broader 'Development Road' initiative that aims to connect Iraq’s Basrah port to Türkiye and eventually Europe via road and rail.
Both nations have until July 2026, when the existing pipeline agreement expires, to finalize a new deal.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
Thousands of residents of Spain’s North African enclave of Ceuta took to the streets on Wednesday to protest the government’s handling of a migration crisis that followed a deadly border surge in July.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
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