Turkey and Iraq are moving to formalize a comprehensive energy cooperation agreement following high-level talks in Ankara.
President Tayyip Erdogan stated on Tuesday that the two nations aim to sign the deal as soon as possible after his meeting with Iraqi Prime Minister Ali al-Zaidi.
The announcement signals a strategic push by Baghdad to broaden its energy partnerships beyond traditional Gulf and Western channels.
The potential pact could reshape regional energy flows by enhancing Turkey’s role as a transit hub for Iraqi oil and gas.
For markets, the development introduces a new layer of geopolitical complexity to Middle Eastern supply chains.
While no specific volumes or infrastructure projects were detailed, the diplomatic momentum suggests Iraq is actively seeking alternative export routes and investment frameworks to bolster its energy sector.