
The new transit deal keeps Iraqi crude moving to Ceyhan after the previous pact lapsed, while Baghdad and Ankara push ahead on a broader long-term energy framework and seek to strengthen export resilience.
Turkey and Iraq signed a one-year agreement to maintain operations of the Iraq-Turkiye Crude Oil Pipeline, preserving a strategic export route to the Mediterranean port of Ceyhan while negotiations continue on a broader long-term framework. The deal, signed by Turkish state pipeline operator BOTAS and Iraq's state-owned oil companies SOMO and NOC after talks in Ankara between Turkish Energy and Natural Resources Minister Alparslan Bayraktar and Iraqi Oil Minister Basim Mohammed Khudair, guarantees a minimum export capacity of 750,000 barrels per day, according to Iraqi Prime Minister Ali Al-Zaydi. Bayraktar said the route has become more important as an alternative outlet during the Hormuz crisis and added that Turkey aims to fully utilize the pipeline's 1.5 million-barrel-per-day capacity, with a longer-term vision of moving crude from Iraq, Kuwait and other Gulf countries through Ceyhan. Al-Zaydi described the pact as a strategic milestone and said the two governments and their companies would move immediately on implementation while working toward a wider agreement spanning oil, electricity, water resources and other areas of cooperation.