Kirkuk-Ceyhan Oil Pipeline

The Kirkuk-Ceyhan Oil Pipeline, a vital energy artery stretching from Iraq to Turkiye, has recently been the subject of a significant one-year agreement between Ankara and Baghdad. This renewed deal, signed by Turkish state firm BOTAS and Iraqi authorities, guarantees the continued flow of crude oil at a rate of 750,000 barrels per day. The agreement comes at a crucial time, amidst a global energy shift and following a high-level visit by Iraq's prime minister to Ankara. Further strengthening this energy alliance, Turkiye is poised to potentially receive up to 1 million barrels per day of Iraqi oil, following reports of a Turkish Petroleum stake acquisition in the British Petroleum-operated Kirkuk oilfield. This development underscores the pipeline's current relevance as a key component in the energy relationship between the two nations, highlighting efforts to ensure stable oil supply and foster deeper energy cooperation.