According to the latest information about hot developments, a new phase has been entered in the event that is closely followed by the public. According to the details given; After the cabinet meeting held under the chairmanship of President Recep Tayyip Erdoğan, Minister of Energy and Natural Resources Alparslan Bayraktar made important evaluations about both the legal process and new energy cooperation regarding the Turkey-Iraq oil pipeline. Bayraktar stated that in the arbitration decision for the 2014-2018 period, the receivables and debts of the parties will be clarified together with the interest calculations in the enforcement case ongoing in Washington, and said, "After the calculations are completed, that period will be closed. The arbitration case for the period after 2018 continues." Legal investigations and investigations by the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; Reminding that the current Iraq-Turkey Oil Pipeline (ITP) Agreement will not be extended, Bayraktar said, "This agreement created a process that led us to arbitration. We do not want to continue with the same conditions. A new and more comprehensive agreement is needed." Bayraktar, who said that they sent a new draft agreement to Iraq a year ago, expressed the importance of the issue by saying that the negotiations were prolonged due to the election process and the establishment of the government in the country. For this reason, Bayraktar stated that they proposed BOTAŞ to carry Iraqi oil for a year as a temporary solution, and noted that they aim to complete a new comprehensive pipeline agreement in this period. Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; THE GULF SHOULD BE INCLUDED Bayraktar stated that they are ready to meet Iraq's transportation demand of 750 thousand barrels per day and evaluated the issue by saying that they can allocate a capacity much higher than the used capacity of 180-200 thousand barrels. Stating that the new agreement will not be limited to oil transportation only, Bayraktar said that extending the line to Basra, increasing its capacity to 2.5 million barrels, including the Gulf countries into the system and building a natural gas pipeline are on the agenda. Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.