Iraq and Türkiye have signed a one-year agreement to transport and load Iraqi crude oil through the Iraq-Turkey pipeline to the Turkish port of Ceyhan at a minimum rate of 750,000 barrels per day.
Salim Al-Rikabi, Iraqi Oil Ministry spokesman,told the Iraqi News Agency (INA) that: "The agreement represents a prelude to a comprehensive agreement aimed at raising export capacity to more than one million barrels per day, after the completion of the (Basra - Haditha - Kirkuk - Ceyhan) pipeline."
Ali Al-Zaidi, Prime Minister, welcomed the deal, saying on
X: “Today, Iraq and Türkiye achieved an important strategic milestone to ensure
the uninterrupted flow of our oil exports and strengthen economic cooperation.”
He added: “Iraqi and Turkish companies will begin
implementing the agreement, while the two governments will move forward,
through a carefully planned process, to finalise a comprehensive framework
agreement covering the oil, electricity, and water resources sectors, along
with other areas of cooperation that advance our shared interests and support
development and stability.”