Turkey and Iraq sign one-year oil pipeline agreement

Ankara and Baghdad have signed a one-year agreement to resume oil flow through the Kirkuk-Ceyhan Pipeline, confirming a capacity of 750,000 barrels per day. The deal follows a recent meeting between Turkish Energy Minister Alparslan Bayraktar and Iraqi Oil Minister Bassem Mohammed Khudair, aimed at establishing a long-term arrangement. This agreement is crucial for Iraq, as it seeks alternative export routes amid disruptions caused by geopolitical tensions.

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