Turkiye and Iraq Sign One-Year Oil Pipeline Deal Amid Global Shift
Ankara and Baghdad have signed a one-year agreement to maintain the flow of crude oil through the Kirkuk-Ceyhan Oil Pipeline, which connects Iraq to Turkiye. This deal, involving Turkish state firm BOTAS and Iraq’s state oil companies SOMO and NOC, was finalized shortly after a high-level meeting between Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Ali al-Zaidi in Ankara. The agreement ensures a daily capacity of 750,000 barrels, although the pipeline can handle up to 1.5 million barrels per day. The deal comes in the wake of Iran's effective closure of the Strait of Hormuz, which disrupted Iraq's oil exports and forced the country to seek alternative routes. The pipeline currently carries about 170,000 barrels per day, primarily from Iraq's Kurdistan region, which has been subject to attacks since the conflict with Iran began. 
