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Türkiye-Iraq Crude Oil Pipeline Agreement to expire in 2026
- Agreement was initially signed on Aug. 27, 1973, with the first phase of the pipeline becaming operational in 1976
21.07.2025
Oil
Baghdad, Erbil reach oil deal to resume exports after halting shipments in 2023
- Agreement paves way to restart KRG crude exports, compensate for federal losses exceeding $25B
18.07.2025
Oil
US Embassy in Iraq condemns drone attacks on oil fields
- Targeted Sarsang field in Iraq operated by US HKN Energy company
16.07.2025
General
Drone attacks hit three oil fields in northern Iraq, causing damage
- Kurdish Regional Government condemns strikes on infrastructure; no casualties reported
16.07.2025
General
Erbil-Baghdad breakthrough could revive Iraq-Türkiye Oil Pipeline, experts say
- Following energy agreements between Kurdish Regional Government (KRG) and US firms, attention shifts to tense Erbil-Baghdad relationship
Türkiye, Iraq underline importance they attach to each other's political unity, sovereignty, and territorial integrity
- Countries reaffirm determination to enhance coordination and cooperation in military affairs, border security, counterterrorism, defense industry, energy, water, and Development Road Project
14.04.2025
General
'We expect Iraq to fight terrorist group PKK with the same intensity it fought ISIS': Turkish foreign minister
- ‘Türkiye's intention is to see Iraq both develop itself and overcome its own problems with a constructive policy,’ says Hakan Fidan
08.04.2025
General
Iraq agrees to supply Lebanon with fuel for 6 months
- Iraqi prime minister affirms his country’s support for Lebanon’s security, stability
30.03.2025
Oil
US urges Iraq to reach agreement with oil firms to resume exports via Iraq-Türkiye Pipeline
- Reopening Iraq-Türkiye pipeline ensures Iraqi oil can reach global markets, says State Department
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Iraq moves closer to resuming oil exports through Türkiye's Ceyhan Port
- Initial stage of exports through Ceyhan is set to be 185,000 barrels per day, with plans to gradually increase this volume until it reaches capacity outlined in federal budget
Rubio, Iraqi prime minister agree to reopen Iraq-Türkiye pipeline: State Department
- ‘The two agreed on the need for Iraq to become energy independent,’ says US readout
26.02.2025
General
Increased payments to KRG oil companies could help restart Iraq-Türkiye pipeline operations: Experts
- Iraqi Parliament approves budget amendments to subsidize KRG oil companies' production costs, sets rate at $16 per barrel
Attack targets gas field in northern Iraq
- No casualties or damage reported after strike on Khor Mor gas field in Sulaymaniyah province
03.02.2025
Natural Gas
Iranian minister arrives in Baghdad to discuss energy supplies
- Iraq's electricity minister receives Abbas Aliabadi and his accompanying delegation at Baghdad International Airport, says Iraqi News Agency
13.01.2025
General
Blinken, Iraqi prime minister discuss regional escalation, economy in New York
- During meeting, Blinken also emphasized need to reopen Iraq-Türkiye oil pipeline, according to State Department
24.09.2024
General
Türkiye resumes electricity exports to Iraq following 3-year pause
- Existing 400-kilovolt (kV) interconnection line will carry up to 300 megawatts of electricity to Iraq
22.07.2024
General
Iraq becomes shareholder of European Bank for Reconstruction and Development
- The country's membership was approved in October 2020 and process to become shareholder is now concluded
Iraq to reach deal soon on resuming oil production from its Kurdish region: Minister
- Iraqi oil minister and KRG prime minister meet to discuss months-long suspension of oil exports
Iraq plans purchase of natural gas from Turkmenistan
- Turkmenistan, ranking fourth globally with its vast natural gas reserves, will export natural gas to Iraq as part of swap deal
09.10.2023
Natural Gas
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Turkish, Iraqi energy ministers to cooperate for reopening of Iraq-Türkiye pipeline
- Both ministers underline importance of resuming oil flow through pipeline as soon as possible
Russia’s natural gas production down by 14.9% in first half of 2023
- Gas output from January to June this year amounts to 267 billion cubic meters but full year of 2022 totals 673.8 billion cubic meters
Iraq steps up efforts to find long-term solution for its chronic power outages
- To find long-term solution to power blackouts, Iraq signs oil-for-gas deal with Iran after its gas imports fell to 21 million cubic meters per day earlier in July
Iraq to exchange crude oil with Iran to settle power debt
- Deal comes after Tehran cuts gas flow to Baghdad as latter fails to pay debts due to US sanctions on Iran
TotalEnergies, Iraq agree to develop $27B energy projects
- Project aims to boost country's electricity supply using flared gas from three oilfields in Iraq
Oil and gas well intervention investments expected to increase by 20% in 2023: Rystad
- Algeria and Saudi Arabia are top two onshore markets, with over 11,000 wells offering great intervention potential between 2023 and 2028, says Rystad Energy
Russia remains India's leading crude oil supplier, surpassing Saudi Arabia and Iraq
- Russian oil constitutes nearly 42% of all crude oil imports into India in May, the largest share of any country in recent years
Iraq releases $10B of frozen Iranian funds for purchasing non-sanctioned goods: Official
- Iraq, which depends heavily on Iran for energy, had failed to clear its energy debts with its neighbor due to US sanctions
04.07.2023
General
Oil exports from northern Iraq to Türkiye will resume: Iraqi officials
- Oil exports from Iraq’s northern Kirkuk fields were halted for over a week after Iraq won arbitration case against Türkiye
Baghdad ordered to compensate Türkiye for crude exports from northern Iraq
- Despite instability, Türkiye has spent billions to keep Iraq-Türkiye Oil Pipeline System operational since 1973, says Türkiye’s Energy MinistryNATURAL GAS MARKET (TL/1000Sm³)
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