"Clock Ticking" on Iraq-Turkey Pipeline (ITP) Renewal

By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

The Clock Is Ticking Down To Iraq's Economic Disaster On 27 July

OPEC's second-largest oil producer, Iraq, has less than two months before it loses the key means to export its crude, with the agreement to move its product through two pipelines into Turkey expiring on 27 July.

These routes have become vital to Iraq's ability to monetise its oil flows since the effective closure of the Strait of Hormuz from 28 February.

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