Key Points
- The Iraq-Turkey Crude Oil Pipeline agreement has been signed
- The agreement was signed as a result of energy diplomacy between the two countries
- Turkey's participation in the Kerkuk fields is a historic and important work
By the Numbers
After a meeting between President Recep Tayyip Erdogan and Iraqi Prime Minister Ali al-Zaidi, a one-year agreement was reached to ensure the effective use of the Iraq-Turkey Crude Oil Pipeline. Energy and Natural Resources Minister Alparslan Bayraktar stated that this agreement was signed as a result of energy diplomacy between the two countries.
The agreement includes the signing of a 'Crude Oil Transportation Agreement' between the Turkish Petroleum Transportation Corporation (BOTAS) and the Iraqi State Oil Marketing Organization (SOMO) - North Oil Company (NOC). Minister Bayraktar emphasized that this agreement is important for Turkey's oil supply security and will strengthen energy cooperation between the two countries.
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Frequently Asked Questions
- What is the Iraq-Turkey Crude Oil Pipeline?
- The Iraq-Turkey Crude Oil Pipeline is a pipeline used for oil transportation between Iraq and Turkey
- What is the purpose of the agreement?
- The agreement was signed to ensure the effective use of the Iraq-Turkey Crude Oil Pipeline and to strengthen energy cooperation between the two countries
- What does Turkey's participation in the Kerkuk fields mean?
- Turkey's participation in the Kerkuk fields means that Turkey is investing in Iraq's oil fields and strengthening energy cooperation between the two countries
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