Türkiye, Iraq reach agreement on oil transit continuation

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar has said that an agreement had been reached to continue the oil supplies suspended in March 2023 through the Iraqi-Turkish pipeline to the port of Ceyhan.

“An agreement was reached to continue oil supplies via the Iraqi-Turkish pipeline,” the minister said, Prime reports.

Earlier, the Iraqi Ministry of Oil also noted that it had notified Türkiye of its readiness to resume oil export from the northern area.

Baghdad said that Türkiye violated a joint agreement by allowing the Kurdish authorities to export oil to Ceyhan for many years without its consent.

As a result, after Iraq won the arbitration case in the International Arbitration Court on March 25, 2023, Türkiye stopped pumping about 450,000 barrels of Iraqi oil per day, through the pipeline from the border zone with Iraq to its port of Ceyhan.