Iraq inks deal with Turkey to extend crude oil transfer

20 June 2010

Iraq and Turkey have signed an initial agreement to extend the crude oil transfer through the Iraqi-Turkish pipeline for another 12 years, Aswat al-Iraq has reported. Essam Jihad, official spokesman of the Iraq's oil ministry said the final agreement between Iraqi oil minister and Turkish energy minister is expected to be signed in the coming days in Baghdad. Iraq exports part of its crude oil (400-700 thousands barrels) through the Iraqi-Turkish pipeline from Kirkuk oilfields to Ceyhan port in Turkey.

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