Only transit?
As far as I read, Turkey will refine the oil inhouse and then resell it for a bigger profit margin
As far as I read, Turkey will refine the oil inhouse and then resell it for a bigger profit margin
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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.
I think you mean the Kirkuk-Ceyhan pipeline.
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Smart move
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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
