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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The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threaten...
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic ...
Türkiye’s foreign minister has appealed for restraint and diplomacy as tensions around the Strait of Hormuz unsettle global markets, war...
The Kremlin has defended sweeping internet restrictions across Russia, saying measures such as blocking messaging platforms and virtual private net...
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic island’s future.
Türkiye’s foreign minister has appealed for restraint and diplomacy as tensions around the Strait of Hormuz unsettle global markets, warning that any military attempt to resolve the crisis could deepen instability rather than ease it.
The Kremlin has defended sweeping internet restrictions across Russia, saying measures such as blocking messaging platforms and virtual private networks are necessary for national security rather than a return to past controls.
A shift in regional trade dynamics is taking shape in the South Caucasus, as Armenian Prime Minister Nikol Pashinyan outlines current and future transport routes for Armenian goods.
At a time of deepening global polarisation, rising conflict and shrinking space for dialogue, Pakistan is stepping into a historic role. Diplomatic engagements in Islamabad, bringing together regional powers amid the Iran crisis, signal both urgency and opportunity.
U.S. President Donald Trump warned that any Iranian ships approaching ports in the Strait of Hormuz would be "immediately eliminated" on Monday, as the U.S. started its blockade.
The U.S. military began a blockade of Iran's ports on Monday, President Donald Trump said, and Tehran threatened to retaliate against its Gulf neighbours' ports after talks in Islamabad on ending the war broke down at the weekend.
Afghanistan’s Foreign Ministry said on Sunday that talks with Pakistan had been positive, while Türkiye stressed the importance of stronger ties between Kabul and Islamabad.
Centre-right Peter Magyar's Tisza Party has won a landslide in Hungary after a night of counting in the Hungarian election. Viktor Orbán has conceded defeat after 16 years in power. "We have done it. Tisza and Hungary have won this election", Magyar said to cheering supporters in Budapest.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
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