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Oil-backed financing plan takes shape for $55 billion trade corridor
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AzerNews - News from Azerbaijan, Business, Energy, Analysis
Therefore, we regard the agreement we signed as one of the most critical milestones of the project."
Uraloğlu explained Turkiye's proposed model of "transport infrastructure in exchange for oil" with the following words: "Actually, this topic is not new.
Various financing options involving the United Arab Emirates, Qatar, Turkiye, and Iraq were evaluated.
During this process, we recognized that Iraq's greatest strength lies in its natural resources, and we brought back to the agenda our proposal to utilize these resources for financing transport investments.
Supporting a project with such immense economic potential through a robust financial structure is of paramount importance for the future of regional trade