TR Economy & Updates

[Lool]

No,its a transit agreement.

Only transit?
As far as I read, Turkey will refine the oil inhouse and then resell it for a bigger profit margin

 

[TR_123456]

Only transit?
As far as I read, Turkey will refine the oil inhouse and then resell it for a bigger profit margin

The decades-old agreement on the pipeline — which carries Iraqi crude to Turkiye’s Mediterranean export terminal of Ceyhan, a key outlet for regional oil shipments — had expired on Monday.



“While our efforts continue toward a new long-term agreement for this pipeline.. we have implemented this transit arrangement covering a daily capacity of 750,000 barrels,” Bayraktar wrote.


Zaidi said Iraqi and Turkish companies would begin implementing the agreement while the two governments would push ahead with efforts “to finalise a comprehensive framework agreement covering the oil, electricity, and water resources sectors”. The Kirkuk-Ceyhan pipeline has a maximum capacity of about 1.5 million barrels per day.


Published in Dawn, August 2nd, 2026

Turkiye, Iraq extend pipeline agreement

Kirkuk-Ceyhan pipeline has maximum capacity of about 1.5 million barrels per day.

www.dawn.com

Turkiye and Iraq sign one-year oil pipeline deal amid global shift

The renewed agreement ensures crude flow of 750,000 barrels a day through the Iraq-Turkiye pipeline, officials confirm.

www.aljazeera.com

I think you mean the Kirkuk-Ceyhan pipeline.

 

[Fatman17]

Only transit?
As far as I read, Turkey will refine the oil inhouse and then resell it for a bigger profit margin

Smart move

 

[Nutuk]

Only transit?
As far as I read, Turkey will refine the oil inhouse and then resell it for a bigger profit margin

Do we still have refineries to make profit?

By my knowledge Petkim belongs to Azerbaijan

 

[Lool]

Do we still have refineries to make profit?

By my knowledge Petkim belongs to Azerbaijan

As far as my info goes, they were planning to establish a joint venture with Saudi Aramco. It was supposed to be a move to give more credibility to the proposed SA-Jordan-Syria-Turkey pipeline and trade route

 

[Fatman17]

Türkiye's bridge network grows to 10,239 bridges over 24 years - Türkiye Today

The minister says lining up all of Türkiye's bridges today would stretch as far as the distance from Ankara to Sanliurfa

share.google

 

[Fatman17]

https://twitter.com/i/web/status/2090114065808937022

A single ship anchored off Ghana's coast generates about 12% of the country's electricity.

The MV Karadeniz Powership Osman Khan is 299 meters long and pumps out up to 480 MW of power.

It has been doing this since 2017.

 

[Sanchez]

So this is indeed happening. 2 Istanbul bridges and 10 highways to be privatized for 30 years. These are all infrastructure that was paid and built by public funds and our taxes paid for their construction and operation for decades. Now we will be asked to pay exorbitantly increased fees to use them, when on the contrary they should be free to use. That is because the government is preparing for another election and they need nice hot cash they can get tomorrow instead of over the next decade.

https://twitter.com/i/web/status/2096134248033870179

 

[I_Love_F16]

So this is indeed happening. 2 Istanbul bridges and 10 highways to be privatized for 30 years. These are all infrastructure that was paid and built by public funds and our taxes paid for their construction and operation for decades. Now we will be asked to pay exorbitantly increased fees to use them, when on the contrary they should be free to use. That is because the government is preparing for another election and they need nice hot cash they can get tomorrow instead of over the next decade.

https://twitter.com/i/web/status/2096134248033870179

France made the same mistake 20 years ago. Those private companies that are exploiting those highways are doing extraordinary profit.