- Iraq requires the Kirkuk–Ceyhan pipeline to Türkiye and the Basra-Aqaba oil pipeline to ensure alternative export routes, relying on southern Gulf terminals.
- Negotiations are underway between Iraq and Türkiye regarding a new oil transport agreement for the Kirkuk-Ceyhan pipeline.
The ICC ruled that Turkey owed Baghdad $1.5 billion, leading to an agreement on a temporary oil export arrangement.
1 report, 1 independent
Updated Jul 13
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What happened
The ICC ruled that Turkey owed Baghdad $1.5 billion, leading to an agreement on a temporary oil export arrangement.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Baghdad
capital city of Iraq
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Iraq
sovereign state in Western Asia
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Ceyhan
town and district in Adana Province, Turkey
Nothing else this week.
Related events
- Turkey formally transfers security control and hands over Bashiqa base to Iraq.
- Iraq seeks a pipeline connection to Turkey as a strategy to mitigate its reliance on the Gulf region for oil exports.
- A new pipeline is planned from Basra to Ceyhan terminal, part of a larger development road connecting Iraq to Europe.
- Baghdad seeks to diversify oil exports by utilizing the Ceyhan port, targeting markets in Europe and China.
- Turkey maintains its military presence in northern Iraq.