Turkey’s Energy Minister Alparslan Bayraktar said that Ankara sent Iraq a new draft deal on the Iraq Turkey oil pipeline. He explained that the old agreement does not match today’s energy needs. Iraqi officials now review the draft, while both sides prepare for direct negotiations soon.
The Iraq Turkey oil pipeline has a capacity of 1.5 million barrels per day. However, operators never reached full use in fifty years of service. Bayraktar stressed that Turkey wants to run the line at maximum levels. He argued that this step will create benefits for both countries and increase regional trade strength.
Global energy demand keeps shifting with new challenges and opportunities. Bayraktar said the old framework cannot meet modern standards. He pointed out that an updated deal will improve efficiency and build stronger trust between both governments. Turkey believes the new draft agreement can align operations with global energy goals and future expectations.
Iraqi leaders now study the proposal in detail. Technical teams from both nations expect to meet soon. Their mission is to create a balanced agreement that protects the long-term interests of both sides. Officials also want the deal to ensure stable oil flows for future decades. Negotiators hope to turn the draft into a clear path for cooperation.
The Iraq Turkey oil pipeline remains one of the most important routes for moving Iraqi crude to world markets. A new deal could help Iraq gain higher revenue while Turkey strengthens its role as a regional energy hub. Energy experts also note that full operation of the line will support global supply security and reduce risks of shortages.
In conclusion, the talks on the Iraq Turkey oil pipeline mark an important step in energy cooperation. Both countries show readiness to work together. If negotiations succeed, the deal will unlock the full capacity of the pipeline and build stronger economic ties for years ahead.