Turkey to gain from upcoming oil pact with Iraq

Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq’s northern crude exports, analysts have said.
The agreement is due to be signed within a year. It will allow Iraq, Opec’s second-largest oil producer, to export a significant part of its crude production to Europe via Turkey through a pipeline network linking southern Iraqi oilfields with the Turkish border in the north.







