From Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.
Two months left for Iraq and Turkey to reach pipeline deal
Iraq is suffering a steep drop in its oil exports due to the near-closure of the Strait of Hormuz and needs to reach agreement with Turkey within two months on a major pipeline, analysts say.
The pipeline has carried crude to Europe for decades but the pact governing the 970km conduit linking Kirkuk in northern Iraq to Ceyhan in Turkey ends on July 27.
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