Turkey and Iraq sign one-year crude oil pipeline transit agreement

Ankara, Turkey. Turkey and Iraq have signed a one-year agreement to ensure the effective use of the crude oil pipeline linking the two countries, Turkish Energy Minister Alparslan Bayraktar said on Saturday.

Pipeline arrangement

Bayraktar said on X that the transit arrangement covers a daily capacity of 750,000 barrels.

Long-term talks

The minister said efforts towards a new long-term agreement for the pipeline were continuing.