Türkiye explores new LNG contracts and nuclear tech in US talks
Türkiye’s Energy Minister Alparslan Bayraktar has emphasised the need for a new mechanism to ensure the Iraq-Türkiye Oil Pipeline operates at full capacity, while also revealing ongoing talks with the United States on joint energy exploration.
The pipeline, governed by an agreement between Türkiye and Iraq since 1973, is set to expire on July 27, 2026.
According to Turkish media, Bayraktar noted that the pipeline’s maximum capacity is 1.5 million barrels per day, but currently it is not transporting any oil. Even during past operations, it never reached full capacity.
“We have invested heavily in recent years to keep this pipeline functional,” Bayraktar said, adding that he discussed the issue with Iraq’s Oil Minister Hayyan Abdul Ghani at the recent OPEC meeting. He explained that the draft for a new agreement includes provisions to enable full utilisation of the pipeline. The proposal also considers extending the pipeline further south to increase capacity, although not all the oil would necessarily come from Iraq.
Bayraktar expressed uncertainty over the fate of existing pipelines in the region and highlighted the importance for Iraq to diversify its export routes, especially in light of recent tensions surrounding the Strait of Hormuz. “Diversifying export routes is beneficial for them as well,” he said.
In a separate development, Bayraktar mentioned discussions with the US Ambassador to Ankara, Tom Barrack, regarding cooperation in oil and natural gas exploration, as well as small modular reactors (SMRs). He underlined the significance of long-term LNG contracts, describing them as potentially fast-moving and concrete projects. Bayraktar also indicated the possibility of a new LNG deal between Türkiye and the United States.
Addressing the impact of soaring summer temperatures, the minister reported record electricity consumption across Türkiye. Although a few power plants had to be temporarily shut down due to nearby wildfires, causing brief supply disruptions, he reassured that the situation remains under control. “There was a fire approaching a power plant in Bandırma, but apart from that, there are no problems,” Bayraktar said.
By Tamilla Hasanova