Turkey and Iraq sign a one-year agreement to ensure crude oil flows through the Iraq–Turkey pipeline, according to officials. Turkish Energy Minister Alparslan Bayaktar says the renewed arrangement covers a daily capacity of 750,000 barrels and is designed to enable effective use of the pipeline while talks continue on a longer-term deal. The agreement is set for one year and is intended to provide continuity in transit between the two countries as global energy markets shift, both outlets report. Under the deal, crude oil is routed through the existing pipeline infrastructure rather than establishing a new route, with the confirmed figure of 750,000 barrels per day guiding the expected throughput during the contract period. Both reports present the signing as an interim step toward negotiations for a longer arrangement, without detailing additional commercial terms such as pricing, payment structure, or conditions for extension or termination.
Turkey and Iraq sign one-year deal to restart crude oil transit
Turkey and Iraq sign a one-year agreement to ensure crude oil flows through the Iraq–Turkey pipeline, according to officials. Turkish Energy Minister Alparslan Bayaktar says the renewed arrangement co...
- Turkey and Iraq sign a one-year agreement for crude oil transit via the Iraq–Turkey pipeline.
- The deal provides for a pipeline capacity of 750,000 barrels per day.
- Turkish Energy Minister Alparslan Bayaktar says the arrangement is intended as an interim measure.
- Both sides continue efforts toward a longer-term agreement for the pipeline.
- The agreement is presented as a way to ensure continuity of pipeline use during ongoing discussions.
The renewed agreement ensures crude flow of 750,000 barrels a day through the Iraq-Turkiye pipeline, officials confirm.
4 hours agoTurkey and Iraq signed a one-year agreement to ensure effective use of the crude oil pipeline between the two countries, Turkish Energy Minister Alparslan Bayaktar said on Saturday. “While our efforts continue toward a new long-term agreement for this pipeline… we have implemented this transit arrangement covering a daily capacity of 750,000 barrels,” the minister […]
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