Iraq and Turkey Ink One-Year Oil Pipeline Deal

Aug 2, 2026

46 min

Aug 2, 2026 09:31

Iraq, Turkey agree one-year oil pipeline deal targeting 750,000 barrels a day

## Agreement Details

Iraq and Turkey have signed a one-year agreement to transport Iraqi crude oil through the Iraq-Turkey pipeline to the port of Ceyhan. The deal sets a minimum export target of 750,000 barrels per day.

## Strategic Importance

This agreement marks a significant step in enhancing the export capacity of Iraqi oil. According to Salim Al Rikabi, a spokesperson for Iraq's Ministry of Oil, the deal is a precursor to a broader agreement that aims to increase exports to over one million barrels per day once the Basra-Haditha-Kirkuk-Ceyhan pipeline is completed.

## Broader Cooperation

Iraqi Prime Minister Ali Al Zaidi highlighted the strategic importance of the deal, emphasizing its role in ensuring a steady flow of oil exports and strengthening economic ties between the two nations. He also mentioned plans for a comprehensive framework agreement that will cover oil, electricity, and water resources, among other sectors, to foster development and stability.

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