Turkey and Iraq sign one-year oil pipeline transit agreement

On August 1, 2026, Turkey and Iraq finalized a one-year agreement to regulate the operation of the crude oil pipeline connecting the two nations. Turkish Energy Minister Alparslan Bayraktar announced the deal via social media, confirming that the arrangement is designed to ensure the effective use of the infrastructure while both countries continue negotiations for a more permanent, long-term treaty.

The interim agreement establishes a daily operational capacity of 750,000 barrels of oil. This move is part of an ongoing effort to stabilize energy transit operations and resolve long-standing issues surrounding the pipeline's usage. Both nations remain committed to pursuing a comprehensive long-term solution following the expiration of this one-year transit arrangement.