Türkiye has begun talks with Iraq's central government on a broader agreement for transporting Iraqi oil, aiming to strengthen long-term energy cooperation.
The new deal will cover joint projects in crude oil and natural gas, development of hydrocarbon fields, petrochemical and refinery investments, electricity production and transmission, and expanded trade in oil, gas, and electricity.
Discussions will also address future capacity allocations through the existing pipeline system, which includes two lines with a daily capacity of 1.5 million barrels and the Turkish Petroleum Pipeline Corporation (BOTAS) Ceyhan Terminal.
The current Crude Oil Pipeline Agreement, in place since 1973 and renewed in 2010, will expire on July 27, 2026, according to a Presidential Decree published on Türkiye's Official Gazette on July 21.
The agreement will not be extended, and both sides are working toward a more modern framework reflecting current regional and energy dynamics.
By Gulsen Cagatay
Anadolu Agency
energy@aa.com.tr