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