Türkiye has sent a draft proposal to Iraq aiming to renew and broaden their energy agreement to include cooperation on oil, gas, petrochemicals, and electricity, according to an Iraqi oil ministry official.
This follows Ankara’s announcement that the decades-old Kirkuk-Ceyhan oil pipeline agreement will end July 2026. The pipeline, with a capacity of 1.6 million barrels per day, has been inactive since 2023 due to a dispute. An arbitration court ruled Türkiye must pay $1.5 billion for unauthorized Iraqi oil exports between 2014 and 2018; Türkiye is currently appealing the ruling.
The Iraqi oil ministry said it is reviewing Türkiye’s draft and negotiating terms to reach an agreement that benefits both countries.
Türkiye has expressed interest in reviving the pipeline, which it considers strategic for regional projects such as the Development Road — a planned high-speed trade corridor connecting Iraq’s Basrah port with Türkiye and Europe. Baghdad allocated initial funding for the Development Road in 2023.
Türkiye views a renewed energy partnership as a key opportunity to strengthen bilateral and regional cooperation.
Details of the proposed agreement have not yet been disclosed.
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U.S. President Donald Trump told the UN General Assembly on Tuesday that he ended seven long-running conflicts in just seven months and insisted “everyone says” he deserves a Nobel Peace Prize.
U.S. President Donald Trump rejected growing international recognition of a Palestinian state at the UN General Assembly on Tuesday, accusing members of “rewarding Hamas” and attacking allies over energy and immigration policies.
Indonesia and the European Union concluded a free trade agreement on Tuesday after nine years of talks, with both aiming to boost exports and investment and to offset the impact of U.S. President Donald Trump's tariffs.
Beijing is in talks with Boeing over a potential order of up to 500 aircrafts, a deal that could reshape the U.S. manufacturer’s fortunes in China after years of stalled sales.
Norway has joined in the condemnation of recent incidents of Russian violation of allied airspaces with the latest being Denmark and at the same time revealed that its airspace was violated three times by Russia over spring and summer this year.
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