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Market Chatter: Turkey, Iraq Agree on Continued Oil Flow via Kirkuk-Ceyhan Pipeline While Talks Proceed

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Bilateral talks between Turkish and Iraqi leaders over the vital Kirkuk-Ceyhan pipeline ended inconclusively, but both nations have agreed to maintain oil flows while negotiations proceed, Bloomberg reported on Thursday, citing Turkish officials.

Furthermore, the officials indicated that any eventual accord reached between Ankara and Baghdad will be backdated to July 27, marking the official expiration date of the previous treaty which had governed the vital energy corridor for 53 years, as per the report.

None of the relevant parties responded immediately to' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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