Iraq-Turkey energy and oil export cooperation
The developments in this story so far, most recent first.
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· date approximate Background
Iraq and Turkey signed an agreement to extend existing oil agreements for one year.
On August 1, Iraq and Turkey signed an agreement to extend existing oil agreements for a period of one year. According to Iraqi Oil Minister Basim Muhammed Hudayyir, the deal also involves the preparation of a draft long-term framework agreement during this one-year period.
Under the agreement, Iraq aims to export more than 700,000 barrels of oil per day to Turkey. This plan involves transporting oil from southern Iraqi oil fields via northern pipelines to achieve the increased export targets.
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Milestone
Iraq aims to export over 700,000 barrels of oil daily through Turkey