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Turkey said it will end an agreement that allows the export of oil from Iraqi Kurdistan through its territory in July next year, according to a decree published in the Official Gazette. Turkey is unhappy with the underutilization of the pipeline under the current deal and sees
Turkey calls for new deal with Iraq over suspended oil pipeline #oott https://t.co/txlWwgeKfu
Turkey says it will end an agreement that allows the export of oil from Iraqi Kurdistan through its territory in July next year https://t.co/0Nniv7F4XG
Turkey has formally declared that the 1975 Turkey-Iraq Crude Oil Pipeline Agreement and its subsequent protocols will terminate on 27 July 2026, according to a presidential decree published in the country’s Official Gazette on Monday. The decision comes as Ankara and Baghdad attempt to restart exports from northern Iraq through the pipeline to Turkey’s Ceyhan port. Flows have been suspended since March 2023, when Turkey halted them after the International Chamber of Commerce ordered it to pay Iraq US$1.5 billion for unauthorised shipments between 2014 and 2018. A senior Turkish official told Reuters the pipeline is under-utilised and that Ankara wants a “new and vibrant” accord covering future operations. Turkey says it has invested heavily in the line and sees it as strategic for regional projects such as the proposed Development Road trade corridor. Iraq has yet to respond publicly to the decree.
