BAGHDAD,— Iraq has asked Turkey to extend the Kirkuk-Ceyhan oil pipeline agreement by at least one year to allow more time for negotiations on a new deal, according to Ali Nizar, head of Iraq’s state oil marketing company SOMO, as stated on the firm’s official website.
Nizar said the Iraqi government submitted the request to Ankara to keep the key export route operating while both sides work on a replacement agreement.
The existing Turkey-Iraq Crude Oil Pipeline Agreement, which controls exports through the Kirkuk-Ceyhan pipeline, is set to expire July 27.
Baghdad and Ankara are still working on a new draft deal.
Nizar added that Iraq has shipped 12 million barrels of crude oil from its southern ports since the beginning of June.
(With files from Reuters)
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