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Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures
The extension keeps 750,000 barrels a day moving while Iraq seeks a broader deal to reduce reliance on Gulf shipping lanes.
- Iraq and Turkey signed a deal Saturday to increase oil exports through a pipeline to the Turkish Mediterranean port of Ceyhan, as Baghdad seeks to diversify export routes and reduce reliance on Gulf shipping lanes.
- The Iraq-Turkey pipeline has been largely idle since 2023 after Kurdish regional disputes, though it resumed in limited capacity last year; the move strengthens resilience following Strait of Hormuz shipping disruptions.
- Targeting a minimum of 750,000 barrels of crude per day from Kirkuk to Ceyhan, the agreement represents a significant increase from current exports of around 200,000, though still below pre-conflict levels of 3.5 million.
- Iraqi Oil Minister Bassem Mohammed Khudair announced the one-year agreement, while Iraqi Prime Minister Ali called it an "important strategic milestone" to strengthen economic cooperation between the nations.
- The countries are considering joint infrastructure projects, including a pipeline connecting Basra to Haditha, Ceyhan, and Baniyas on Syria's coast, following Zaidi's recent visit to Ankara for broader regional talks.
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Associated Press News+12 Reposted by 12 other sources
Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures
Iraq and Turkey have signed a deal to transport Iraqi crude oil through a pipeline to Turkey's port of Ceyhan.
·New York, United States
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Coverage Details
Total News Sources39
Leaning Left9Leaning Right9Center9Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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