As part of the government's efforts to strengthen regional partnerships in the energy sector, Iraqi Oil Minister Basim Mohammed Khudhair Al-Abadi held strategic talks with his Turkish counterpart in Ankara. The discussions aimed to finalize the draft of a bilateral agreement for exporting Iraqi oil through the Turkish port of Ceyhan.
The talks, described as fruitful, focused on two main pillars: the first involves increasing export capacities via the pipeline and the port, while the second concerns expanding investment prospects through the participation of Turkish companies in developing Iraq's oil and gas sectors. To ensure effective implementation, both sides agreed to form two joint technical committees. The first will oversee the oil field investment portfolio, while the second will handle the development and construction of oil facility infrastructure.
The Ministry of Oil emphasized that this initiative is a top priority within the government's strategy to attract qualified global companies and achieve the optimal investment of national resources.
These steps complement the initial agreement signed last August, which stipulated the transport and loading of Iraqi crude oil to the port of Ceyhan at a minimum of 750,000 barrels per day for one year, pending the completion of a comprehensive framework agreement covering the oil, electricity, and water resources sectors.
