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Turkey to seek new oil deal with Iraq on idled pipeline

Bloomberg · Recent
Bloomberg
Bloomberg
Recent

Turkey will seek a new deal with Iraq on an oil export pipeline between the two countries that's been idled for more than two years in a payment dispute. Bloomberg's Patrick Sykes reports.

Breakdown
  • Turkey wants to restart an idled oil pipeline with Iraq and expand the agreement. 6s
  • The new deal would include not just oil, but also electricity and petrochemicals. 19s
  • Turkish companies are interested in investing in petrochemical facilities at Ceyhan. 38s
  • The pipeline has been inactive for over two years due to legal and contractual disputes. 1m 20s
  • Immediate resumption depends on resolving disputes among Iraqi parties and producers. 1m 50s
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