Birol: Basra-Ceyhan Pipeline Will Shift Energy Balances and Protect Iraq's Exports from Navigation Risks

 The IEA urged Baghdad and Ankara to reach a political agreement paving the way for a new oil corridor linking the Mediterranean to Basra's giant reserves. Fatih Birol explained that shipping disruptions in the Strait of Hormuz inflict severe damage on the global economy, making the "Basra-Ceyhan" line an indispensable option for enhancing supply resilience. Experts believe this proposal represents a fundamental shift in the Middle East energy map, contributing to safe and sustainable onshore alternatives for global oil trade in 2026.