Türkiye and Iraq sign a one-year deal on the oil pipeline to Ceyhan

Iraq and Türkiye signed a deal on Saturday to move at least 750,000 barrels a day of Iraqi crude through the pipeline running from Kirkuk to the Mediterranean port of Ceyhan, according to Iraqi Oil Minister Bassem Mohammed Khudair al-Abadi. It runs for one year while the two governments negotiate a broader framework covering oil, electricity and water resources, and follows the disruption of shipping through the Strait of Hormuz since the US-Iran war began in February. The line has been largely idle since 2023 and currently carries around 200,000 barrels a day; before the war Iraq exported roughly 3.5 million barrels a day in total, most of it through its southern Gulf terminals.

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