Turkey and Iraq have agreed to extend an expired oil pipeline deal by one year, with increased flows expected to benefit both countries. The deal, which was set to expire, has been extended to allow for continued cooperation in the energy sector.
The agreement is seen as a significant development in the region, with Turkey set to receive increased oil supplies from Iraq. The deal is expected to have a positive impact on the global energy market, with analysts noting the importance of stable oil supplies in maintaining economic stability. As the maritime industry continues to play a crucial role in the transportation of oil, this deal is likely to have far-reaching implications for the sector.