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.
Ukrainian President Volodymyr Zelenskyy warned of ongoing Russian troop advances in eastern Ukraine ahead of the upcoming Trump-Putin summit, emphasiz...
Chinese authorities have summoned major tech firms, including Tencent and ByteDance, over their purchases of Nvidia’s H20 AI chips, raising concerns...
On 12 August, Azerbaijan’s Foreign Minister Jeyhun Bayramov spoke by phone with Armenian Foreign Minister Ararat Mirzoyan....
The move highlights Turkish Airlines' ongoing commitment to grow its international network, particularly in key markets like China, amid global aviati...
A wildfire on the Peloponnese peninsula near the city of Patras triggered evacuation orders for at least a dozen villages on Tuesday, 12 August, as fi...
Chinese authorities have summoned major tech firms, including Tencent and ByteDance, over their purchases of Nvidia’s H20 AI chips, raising concerns about information security and urging companies to rely on domestic suppliers amid escalating regulatory scrutiny.
On 12 August, Azerbaijan’s Foreign Minister Jeyhun Bayramov spoke by phone with Armenian Foreign Minister Ararat Mirzoyan.
The joint military exercise between Armenia and the United States of America has kicked off today 12th August 2025 according to the country’s defence ministry.
The U.S. and China have extended their tariff truce for 90 days, avoiding triple-digit duties on each other’s goods and easing market concerns as Washington and Beijing continue talks on a broader trade agreement.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Ukrainian President Volodymyr Zelenskyy warned of ongoing Russian troop advances in eastern Ukraine ahead of the upcoming Trump-Putin summit, emphasizing Ukraine’s determination to hold the Donbas region and calling for territorial talks only after a ceasefire and security guarantees.
South Korean President Lee Jae Myung and U.S. President Donald Trump will hold their first summit on 25 August in Washington to discuss ways to deepen their alliance and expand cooperation in economic security, according to Lee’s office.
In Monterrey, Mexico, a new AI-powered robot dog named “Waldog” is drawing attention to animal abuse and welfare.
Homelessness in the United States is at record highs and still rising in 2025. A federal count last year found over 770,000 people without a home, a crisis fuelled by scarce affordable housing, rising costs, migration pressures, and the pandemic’s lasting impact.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment