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Cryptocurrency News Articles
Iraq, Turkey Agree to Double Electricity Exports
Mar 17, 2025 at 08:08 am
output: Baghdad, March 17 Iraqi Foreign Minister Fuad Hussein met here with Turkish Energy and Natural Resources Minister Alparslan Bayraktar to discuss bilateral cooperation in electricity, natural gas, and oil sectors.
The Ministers of Foreign Affairs of Iraq and Turkey met on Thursday to discuss cooperation in the electricity, natural gas, and oil sectors.
According to a statement from the Iraqi Foreign Ministry, the two officials explored ways to encourage Turkish companies to invest in Iraq's oil and gas sector.
The two sides also discussed the potential for Turkey to supply electricity to Iraq to address seasonal shortages and stressed the importance of expediting the electricity interconnection project by completing the necessary technical preparations as soon as possible, the statement said.
They agreed to double the amount of electricity that Turkey will provide to Iraq, which will help meet part of the energy needs of Iraq's semi-autonomous Kurdistan region and the city of Mosul.
The possibility of importing gas from Turkey to meet the needs of Iraq's power plants and ways to strengthen cooperation in this area were also discussed, the statement added.
In addition, the two Ministers discussed the renewal of the Ceyhan pipeline agreement for the transportation of oil, highlighting the possibility of extending it southward to boost Iraq’s oil export capacities and facilitate its delivery to European markets.
They also affirmed the importance of maintaining ongoing coordination and joint follow-up on issues of mutual concern.
The two Ministers earlier agreed on increasing the transmission capacity through the Iraq–Turkey interconnection line to 600 megawatts.
The two countries have been operating the joint electrical interconnection line (Kisk–Cizre, 400 kV), which currently supplies Iraq with 300 megawatts, since last June.
Earlier this month, the US rescinded Baghdad's waiver to purchase electricity from Iran, as part of its “maximum pressure” campaign against Tehran.
Decades of conflict have left Iraq struggling with chronic electricity shortages. Despite its oil wealth, the country remains heavily dependent on gas imports from Iran to power its grid.
The Iraqi Foreign Ministry also confirmed that the two Ministers explored the possibility of importing Turkish natural gas to supply power plants across Iraq, further solidifying the growing energy partnership between Baghdad and Ankara.
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