🌍 Development Road: Iraq & Turkey’s New Energy Era 🚛⚡

🌍 Development Road: Iraq & Turkey’s New Energy Era 🚛⚡

📦 More Than Transport: The 1,200 km “Development Road” isn’t just a trade route—it’s becoming a strategic energy bridge between Iraq and Turkey.

🇹🇷🇮🇶 Deepening Ties: Researchers confirm energy relations between Ankara & Baghdad are strengthening via this mega project.

🔋 Energy Cooperation Incoming:

• Opens doors for a long-term oil & energy pact

• Aims to prevent legal disputes and encourage joint infrastructure

🛢️ Future of Oil Transit:

• Iraq-Turkey oil pipeline could carry crude from other nations

• Turkey may emerge as a regional energy hub  between Asia & Europe

⛽ Kirkuk Oil Re-Export Plans:

• Sending crude to Mediterranean refineries through Türkiye = higher revenue & fewer supply crises for Iraq

📰 New Deal in Progress: Negotiations are underway for a modernized agreement to replace the 1973 oil transport deal, set to expire July 2026.

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"Development Road" Opens The Way For A New Energy Agreement Between Iraq And Turkey.

Economy News - Follow-up  Researchers and experts confirmed on Friday that the"Development Road " project between Iraq and Turkey is no longer just a strategic corridor for transporting goods,
 
but rather a  gateway to a comprehensive energy agreement between the two countries  that could redraw the map of regional economic cooperation.
 
Turkish researcher Sercan Caliskan, who specializes in Iraqi affairs, explained, as reported by Anadolu Agency, that "relations between Ankara and Baghdad have witnessed a strategic development in the energy sector," noting that
 
"this path is directly linked to the 'Development Road' project, which extends 1,200 kilometers within Iraqi territory and aims to connect the Arabian Gulf to Europe via Turkish territory."
 
"The project is not limited to transportation and infrastructure, but  opens new horizons for regional cooperation,   especially in the energy sector,"explained Çalışkan, a researcher at the Turkish Center for Middle Eastern Studies.  

He continued: "The development path represents an opportunity to
     establish a long-term partnership that prevents legal disputes and
     builds the foundations for comprehensive cooperation on the oil and energy front."
 
For his part, Yasser Al-Maliki, an expert on Arabian Gulf affairs at the Middle East Economic Survey (MEES), said that
 
"the project falls within Ankara and Baghdad's plans to enhance their economic cooperation," stressing that  "the Iraq-Turkey oil pipeline could be used in the future to transport crude oil from other countries,  strengthening Turkey's position as a regional hub for energy transit between Asia and Europe." 

Al-Maliki pointed out that  "re-exporting Kirkuk oil to Mediterranean refineries via Türkiye would be of great importance to Baghdad, as it seeks  to increase revenues and  reduce supply-related crises."
 
Turkish sources had previously revealed that negotiations had begun between Ankara and Baghdad to reach a new, more comprehensive oil transport agreement.
 
A Turkish presidential decree was published in the Official Gazette on July 21,
indicating that the current agreement signed between the two countries in 1973 would expire on July 27, 2026. views 96   08/01/2025 - https://economy-news.net/content.php?id=58198