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Iraq pursues oil-for-funding pact with Turkey for development road project

Middle East 1 source 1 country 🔦 Under-reported 28m ago

On Saturday, October 10, 2026, the Iraqi Ministry of Transport announced active diplomatic and financial maneuvers to pursue an oil-for-financing bilateral pact with Turkey. The proposed framework is intended to fund the development road project.

As part of these efforts, the initiative aims to establish a dedicated sovereign investment vehicle to facilitate the financing and execution of the major infrastructure undertaking between the two nations.

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Read the full story at the source Iraqi News (Baghdad, Iraq) · IQ ↗
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