Iraq and Turkey Agree to Extend Oil Pipeline

Iraq announced the signing of an agreement with Turkey to continue transporting crude oil via a pipeline connecting the two countries to the Turkish port of Ceyhan for one year. This move aims to secure its oil exports, which have recently been affected due to difficulties passing through the Strait of Hormuz and the ongoing war between Iran and the United States. This step comes as part of Iraq's efforts to diversify its export routes. The minimum export volume will be 750,000 barrels per day according to the agreement, which is considered a strategic achievement to enhance economic cooperation between the two countries and ensure the stability of Iraqi oil revenues.

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