Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures

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By News Room 3 Min Read

BAGHDAD (AP) — Iraq and Turkey signed a deal Saturday to increase oil exports through a pipeline to the Turkish Mediterranean port of Ceyhan, as Baghdad seeks to diversify its oil export routes and reduce reliance on Gulf shipping lanes.

Iraqi Oil Minister Bassem Mohammed Khudair al-Abadi said in a statement that the agreement will remain in effect for one year while the two countries finalize a broader framework agreement covering cooperation in the oil, electricity and water resources sectors.



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