Turkey and Iraq sign one-year oil pipeline deal for 750,000 bpd

A renewed transport agreement between Iraq and Turkey will keep the Iraq‑Turkey crude oil pipeline operating at a capacity of 750,000 barrels per day, officials from both governments confirmed on Thursday. The pact, which replaces a previous arrangement that was set to lapse at the end of June, reaffirms the bilateral commitment to maintain uninterrupted oil shipments from Iraq’s southern fields to the Turkish port of Ceyhan, a key gateway for European and global markets.

The continuation of the pipeline’s full‑scale flow is expected to sustain Iraq’s export revenues and support regional energy stability, according to the ministries of oil and foreign affairs. The agreement also includes provisions for routine maintenance and joint monitoring to ensure safety and efficiency. With the renewal in place, the pipeline is positioned to remain a vital conduit for crude supplies amid fluctuating global demand.