Iraq's oil minister, Hayan Abdel-Ghani, is in Turkey this week to discuss the resumption of northern oil exports from Iraq. The talks are part of ongoing efforts to normalise relations between the two countries and resume Iraq's oil exports from the north of the pipeline, suspended since 2014.
The northern oil pipeline runs from Iraq's Kirkuk oil field to the Turkish port of Ceyhan and has been largely inactive since 2014 due to regulatory issues and regional disruptions. This has led to a significant decrease in Iraq's oil exports, straining the economy.
Abdel-Ghani is in Turkey to discuss ways to resume oil exports from the pipeline. He is also expected to discuss the proposed construction of a new pipeline from the Kirkuk oil field to the Turkish port of Ceyhan. The new channel is expected to increase Iraq's oil export capacity, as it can move more oil than the existing northern pipeline.
In addition to talks on oil exports, Abdel-Ghani is scheduled to meet with Turkish officials to discuss other economic issues. This includes discussions on the possibility of expanding the trade and investment relationship between the two countries.
The talks come at a time when Iraq is facing significant economic challenges. The country has struggled to cope with a weak currency and a lack of foreign investment. Resuming oil exports from the northern pipeline could help improve Iraq's economic situation and relations between Iraq and Turkey.
Overall, the talks between Iraq and Turkey this week are significant for both countries. If successful, the words could pave the way for the resumption of oil exports from the northern pipeline, bolstering Iraq's economy and improving relations between the two nations.