In a recent decision, Turkey has suspended the Crude Oil Pipeline Agreement with Iraq, in force since the 1970s, effective July 27, 2026. This comes after Turkey halted deliveries in March 2023, due to an international ruling that forced it to pay Iraq $1.5 billion in compensation. Although Ankara has expressed its intention to resume operations, negotiations have been complicated by financial disagreements. Turkish officials stress the strategic importance of the pipeline for the region and the "Development Road" project.
Sources
Latest News
15:06
Devastating flood in Nepal and Tibet: 9 dead and hundreds missing
15:05
Malaria outbreak at Frankfurt airport: One employee deceased
15:00
Dmitri Peskov confirmed contacts between Russian and American intelligence services, but without meetings with President Putin.
14:47
The humanoid robot Tiangong has once again broken Bolt's record.
14:44
Ciprian Ciucu emphasized the need for a centralized heating system to reduce financial penalties and improve efficiency.
See more news