Iraq is considering a proposal from Turkey to establish a broader energy agreement that covers oil, gas, petrochemical industries and electricity, Iraq's Oil Ministry has said.
On Monday, Ankara announced it would not be renewing a decades-old agreement that allowed Baghdad to export its crude oil to the international market through Ceyhan in Turkey.
In place since 1975, the Kirkuk-Ceyhan oil pipeline deal will expire on July 27, 2026, a ruling published in the Turkey’s official gazette said. All protocols or memorandums relating to the deal will also stop.
The Turkish Ministry of Energy sent a letter to Iraq's Ministry of Oil expressing its desire for a new agreement, the oil ministry said late on Monday.
“Along with it is a draft of a new agreement for co-operation in the energy sector, more comprehensive than the previous agreement,” it cited an unidentified official as saying.
That draft suggests “co-operation in the field of oil, gas, petrochemical industries and electricity, with the aim of expanding the horizons of co-operation between the two countries".
The Oil Ministry is “in the process of reviewing the draft agreement” before negotiations to “reach a formula that serves the interests of Iraq and Turkey", the official said.
The Kirkuk-Ceyhan pipeline has been offline since 2023 after an arbitration court ruled that Ankara had breached the agreement when it allowed Iraq’s semi-autonomous Kurdish region to pump crude without Baghdad's consent. The ruling also stipulated Ankara should pay $1.5 billion in damages for unauthorised Iraqi exports between 2014 and 2018. Turkey is appealing the ruling.
Iraq and Turkey have been working to resume oil flows from the pipeline. Ankara said in late 2023 that the pipeline was ready to receive Iraq's oil but Baghdad, the Kurdistan Regional Government and independent oil producers were unable to agree on the terms.
The Iraqi Cabinet approved a long-anticipated agreement with Kurdistan that could reset their strained relationship over oil exports and public sector salaries.
Relations between Baghdad and Ankara have improved significantly in recent years with the two neighbouring countries working on expanding co-operation in many fields, including security, economy, trade and investment opportunities.
Top among these plans is a major economic integration project known as the Development Road – a $17-billion project that will connect Iraq’s southern Gulf ports to Turkey. Iraq, Turkey, Qatar and the UAE have signed a preliminary agreement for joint co-operation on the project.
As part of the initiative, a high-speed road and rail link, running from Iraq's port city of Basra on the Gulf to the Turkish border and later to Europe, will also be extended.
Iraq is the second-largest producer of oil in the Opec group after Saudi Arabia, with an output of about 3.9 million bpd, according to the latest Opec data.
Mohammed bin Zayed Majlis
Mohammed bin Zayed Majlis
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
COMPANY PROFILE
Founders: Sebastian Stefan, Sebastian Morar and Claudia Pacurar
Based: Dubai, UAE
Founded: 2014
Number of employees: 36
Sector: Logistics
Raised: $2.5 million
Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE
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GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
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MATCH INFO
Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.
Man of the match Harry Maguire (Manchester United)
Company profile
Name: Tharb
Started: December 2016
Founder: Eisa Alsubousi
Based: Abu Dhabi
Sector: Luxury leather goods
Initial investment: Dh150,000 from personal savings
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Honeymoonish
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'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
KILLING OF QASSEM SULEIMANI
SQUADS
UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan
Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
The Sheikh Zayed Future Energy Prize
This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.
From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.
The Written World: How Literature Shaped History
Martin Puchner
Granta
Killing of Qassem Suleimani
