AEIraq plans to sign a one-year agreement to extend crude oil exports via the Kirkuk-Ceyhan pipeline, maintaining a capacity of 750,000 barrels per day. This follows the expiration of a long-standing bilateral agreement that allowed the pipeline's operation. Iraq's oil production has declined sharply due to the ongoing US-Iran conflict, falling from 4.3 million to 1.4 million barrels per day. To mitigate this decline, Iraq is developing a new 700-kilometer Basra-Haditha pipeline with a capacity of 2.5 million barrels per day, aiming to connect export routes through Syria, Turkey, and Jordan. The new pipeline is expected to increase export capacity beyond one million barrels per day once completed. The agreement involves Iraqi state companies and Turkey's BOTAS, signaling efforts to diversify export routes and stabilize oil revenues.
Bias read (Center): The article presents factual information about Iraq's energy infrastructure and international agreements without overtly favoring any political perspective. It reports on technical aspects of pipeline operations, economic impacts, and geopolitical considerations without using biased language or omit
