Turkey and Iraq sign one-year oil pipeline deal

Turkey and Iraq have signed a new one-year agreement covering the Iraq-Turkiye oil pipeline. The renewed deal guarantees a flow of 750,000 barrels of crude oil per day through the pipeline, according to officials who confirmed the transaction.

The agreement was reached amid significant changes in the global energy market. The contract is valid for one year and sets the daily throughput at 750,000 barrels. These are the main points officially confirmed by representatives of both sides.

The renewed agreement ensures the continued operation of the pipeline at the specified daily volume. The official announcement does not provide additional details on other terms, such as the pipeline's route, ownership, or maintenance conditions. Officials said the daily crude volume will amount to 750,000 barrels, ensuring uninterrupted oil transportation.

This is a renewed contract that replaces the previous arrangement. The deal was signed in light of global energy shifts, with the aim of maintaining a stable flow of crude. At present, the confirmed facts are the one-year duration, the daily volume of 750,000 barrels, and the renewal of the pipeline agreement.