Turkey Wants Iraq-Turkey Pipeline to Operate at Maximum Capacity
Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey's Ceyhan, as stated by Turkish Energy Minister Alparslan Bayraktar. The pipeline was halted in 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion in damages for unauthorized exports between 2014 and 2018. Turkey has been ready to resume operations at the pipeline since late 2023, with Bayraktar stating that it is essential to use the full capacity of the pipelines.
- The complexity of the situation underscores the challenges of international trade agreements and the importance of clear communication in resolving disputes between nations.
- Will the completion of the Development Road Project, which involves a pipeline reaching the Persian Gulf, significantly increase Iraq's global oil market access?