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Turkey’s Minister Proposes New Agreement on Iraq-Turkey Oil Pipeline

Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkey Oil Pipeline (ITP).

Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never been used at full capacity during its 50 years of operation.

He explained that the existing agreement no longer meets current expectations or the needs of the global energy sector.

Bayraktar confirmed that Iraq is currently reviewing the proposed draft and expressed hope that technical teams from both sides will soon meet to begin negotiations on a new framework. He stressed that Turkey's objective is to operate the pipeline at its full potential.

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