A proposed new agreement between Türkiye and Iraq must include a mechanism to ensure the full-capacity use of the oil pipeline between the two countries, according to Energy and Natural Resources Minister Fatih Dönmez. This statement comes as no surprise, as the efficient use of this pipeline is crucial for both countries’ economic growth and stability.
The oil pipeline, which runs from Kirkuk in Iraq to Ceyhan in Türkiye, has been in operation since the 1970s and has played a significant role in the energy trade between the two nations. However, due to various political and security issues, the pipeline has not been able to operate at its full capacity in recent years. This has resulted in significant economic losses for both countries and has hindered their potential for growth and development.
In light of this, the proposed new agreement between Türkiye and Iraq must prioritize the efficient use of the oil pipeline. This means implementing a mechanism that ensures the pipeline operates at its maximum capacity, without any interruptions or delays. This will not only benefit both countries’ economies but also strengthen their bilateral relations.
One of the key factors that have hindered the full-capacity use of the oil pipeline is the ongoing security concerns in the region. The pipeline passes through areas that have been affected by conflicts and instability, making it vulnerable to attacks and disruptions. Therefore, the proposed agreement must include measures to ensure the security of the pipeline, such as increased surveillance and protection by both countries’ security forces.
Moreover, the agreement must also address the issue of maintenance and repair of the pipeline. Over the years, the pipeline has faced numerous technical issues, resulting in frequent shutdowns and delays. This has not only caused economic losses but also damaged the credibility of the pipeline as a reliable source of energy. Therefore, the new agreement must include provisions for regular maintenance and repair of the pipeline to ensure its smooth operation.
In addition to the technical aspects, the proposed agreement must also consider the economic benefits for both countries. Türkiye and Iraq are both heavily dependent on oil exports for their economic growth. The efficient use of the pipeline will not only increase their oil revenues but also reduce transportation costs, making their oil more competitive in the global market. This will ultimately lead to a boost in their economies and create new opportunities for trade and investment.
Furthermore, the proposed agreement must also take into account the environmental impact of the pipeline. As the world becomes more conscious of climate change and the need for sustainable energy sources, it is crucial for Türkiye and Iraq to ensure that the pipeline operates in an environmentally responsible manner. This can be achieved by implementing measures to reduce carbon emissions and investing in renewable energy sources.
It is also worth mentioning that the efficient use of the oil pipeline will have a positive impact on the stability of the region. Türkiye and Iraq have a long history of cooperation and shared interests, and the successful operation of the pipeline will only strengthen their ties. This will not only benefit the two countries but also contribute to the overall stability and prosperity of the region.
In conclusion, the proposed new agreement between Türkiye and Iraq must prioritize the efficient use of the oil pipeline between the two countries. This can be achieved by implementing a mechanism that ensures the pipeline operates at its full capacity, addressing security concerns, and considering the economic and environmental benefits for both nations. It is time for Türkiye and Iraq to come together and make this agreement a reality, for the benefit of their economies, their people, and the region as a whole.