22.07.2025 08:00
The Crude Oil Pipeline Agreement between Turkey and Iraq, in effect since 1973, will expire on July 27, 2026. Turkey seeks a "new and vibrant" era for the Iraq-Turkey oil pipeline. In this context, it is planned to renegotiate the 52-year-old agreement in accordance with current conditions.
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The Crude Oil Pipeline Agreement between Turkey and Iraq, in effect since 1973, will expire on July 27, 2026. The Presidential Decision regarding the matter has been published in the Official Gazette. Accordingly, the Turkey-Iraq Crude Oil Pipeline Agreement, the Crude Oil Pipeline Protocol, and other related agreements and protocols will expire as of July 27, 2026.
It is planned to renegotiate the 52-year-old agreement with Iraq according to current conditions, thereby enabling the pipeline, which has been closed for over 2 years, to become operational again.
52-YEAR AGREEMENT TO BE REVISED
According to a report in Sabah, due to ongoing discussions between the Erbil and Baghdad administrations regarding the sharing of oil revenues, the oil flow that was cut off on March 25, 2023, will be resumed by revising this agreement, which was written according to the conditions of the 52-year period.
Under the new agreement reached on July 17 between the Iraqi central government and the Kurdistan Regional Government (KRG), it is foreseen that the KRG will deliver all its oil production to the oil company SOMO, thus finding a middle ground between the two groups. While the KRG is required to deliver at least 230,000 barrels of oil daily to Baghdad, it was decided that an advance payment of 16 dollars would be made to the KRG for each barrel delivered.
TURKEY WILL CONDUCT DIPLOMATIC EFFORTS
In light of these new developments, Turkey will also conduct diplomatic efforts to establish a new ground with the Iraqi central government regarding energy and to redefine its direct relations with the KRG. In this context, the revision of the 52-year-old agreement, which does not fit the dynamics of today's oil trade, will be ensured. A new agreement is aimed to be made, and the pipeline, which has a capacity of 1.4 million barrels per day, is targeted to be made active again. It is estimated that Iraq has incurred a loss of 25 billion dollars since the pipeline has been closed since March 25, 2023.
RENEWED IN 2010
Within the framework of the Crude Oil Pipeline Agreement signed between the two countries on August 27, 1973, the first phase of the pipeline was put into operation in 1976. The agreement was renewed in 2010 and extended for another 15 years.
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