Iraq and Turkey have signed a one-year agreement for the transportation of Iraqi oil through the Kirkuk-Ceyhan pipeline amid unstable supplies via the Strait of Hormuz. The document provides for the export of up to 750,000 barrels per day and paves the way for broader cooperation in energy and other sectors.
Oil exports from Kazakhstan's largest fields have resumed after a week-long halt caused by drone attacks on tankers in the Black Sea. Operations at the terminal and pipeline have been restored, and production is gradually returning to previous levels.
Kuwait Petroleum Corporation has signed a $16 billion lease-and-lease-back deal with international investors to develop its oil pipeline network and boost oil production. This is one of the largest foreign investments in the region following recent tensions, underscoring Kuwait's continued appeal to global capital.
Oil and gas operators in the UK sector of the North Sea are facing limited access to information about current threats due to the lack of critical infrastructure status. This hampers the sharing of intelligence and makes it more difficult to respond to growing risks to the region's energy security.