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Türkiye Says to Re-Start Operations of Iraq Oil Pipeline This Week 

Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Turkish Energy Ministry Press Office/PPO/Handout via Reuters)
Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Turkish Energy Ministry Press Office/PPO/Handout via Reuters)
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Türkiye Says to Re-Start Operations of Iraq Oil Pipeline This Week 

Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Turkish Energy Ministry Press Office/PPO/Handout via Reuters)
Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Turkish Energy Ministry Press Office/PPO/Handout via Reuters)

Türkiye will restart operations this week on a crude oil pipeline from Iraq that has been suspended for about six months, Türkiye’s Energy Minister Alparslan Bayraktar said on Monday.

"Within this week, we will start operating the Iraq-Türkiye pipeline after resuming operations. It will be able to supply half a million barrels, almost, to global oil markets," Bayraktar said during the ADIPEC conference in Abu Dhabi.

Türkiye has been a reliable transit route for oil and gas, he added.

Türkiye halted flows on Iraq's northern oil export route about six months ago after an arbitration ruling by the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad damages for unauthorized exports between 2014 and 2018.

Ankara later started maintenance work on the pipeline that contributes about 0.5% of global crude supply.

Baghdad and Ankara agreed to wait until a maintenance assessment on the pipeline, which goes through a seismic zone, was complete to restart flows while still engaging in a legal battle on arbitration awards.

Türkiye was weighing legal action against Iraq, which has an outstanding enforcement case against Türkiye, Bayraktar said last month.

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WEF, GCF to Establish Global Center for Cyber Economics in Riyadh

The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA
The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA
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WEF, GCF to Establish Global Center for Cyber Economics in Riyadh

The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA
The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA

The Global Cybersecurity Forum (GCF) and the World Economic Forum (WEF) announced the signing of an agreement to establish the Center for Cyber Economics (CCE) in Riyadh, during the WEF Annual Meeting 2025 in Davos, Switzerland.
GCF and WEF aim to establish the Center as a global platform that addresses the economic dimension of cybersecurity. The Center will advance knowledge to enable decision-makers worldwide to build a deep understanding of the close relationship between economics and cybersecurity. The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world, SPA reported.
Governor of the National Cybersecurity Authority Eng. Majed bin Mohammed Al-Mazyed, acting on behalf of the Board of Trustees, Global Cybersecurity Forum, noted that the establishment of the Center – a collaboration between GCF and WEF – forms part of cybersecurity efforts in Saudi Arabia that have culminated in its world-leading position in the sector. The Kingdom’s contributions to the cybersecurity sector at local, regional, and global levels have gained the Saudi model of cybersecurity recognition for its successful and pioneering approach.
Al-Mazyed added that the development of the Center for Cyber Economics sits within the framework of the Kingdom of Saudi Arabia’s aims to build global platforms and launch pioneering global initiatives in various fields related to the sector, including the establishment of GCF as an institute by Royal Decree in 2023.
GCF aims to push knowledge boundaries, build the foundations for cooperation in Cyberspace, and leverage opportunities within the cybersecurity sector to enhance cyber resilience and enable prosperity around the world.