“…The head of the International Energy Agency, Fatih Birol, points out that instability in the Strait of Hormuz is forcing the search for alternative oil supply routes.
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According to him, the project of transporting oil from Iraq through Turkey is able to simultaneously solve several tasks: to ensure stable exports for Baghdad, strengthen Ankara’s role as an energy hub and increase Europe’s energy security.
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The expert emphasizes that the implementation of the project will require political coordination between Turkey and Iraq, as well as attracting international financing, including from European countries interested in diversifying supplies…”