“Oil flow from Iraq to the Port of Ceyhan will continue. We have finalized an agreement that will cover the next 12 months. We aim to sign it in the coming days and share it with the public,” Bayraktar stated.
ERBIL (Kurdistan24) – Türkiye and Iraq have finalized a one-year meantime settlement to proceed crude oil exports from Iraq during the Kurdistan Area pipeline to the Turkish port of Ceyhan, marking some other step towards the entire resumption of exports after greater than two years of disruption.
Talking at a press convention on Thursday after assembly with Iraqi Top Minister Ali al-Zaidi and Oil Minister Basim Mohammed Khudair, Turkish Minister of Power and Herbal Sources Alparslan Bayraktar stated the 2 international locations had finished negotiations on a 12-month settlement.
“Oil flow from Iraq to the Port of Ceyhan will continue. We have finalized an agreement that will cover the next 12 months. We aim to sign it in the coming days and share it with the public,” Bayraktar stated.
The announcement comes as Kurdistan Area oil exports proceed to get better following a chain of agreements between the Kurdistan Regional Govt (KRG), the Iraqi federal executive, and global oil operators.
In an unique interview with Kurdistan24, Khazal Hostani, Director Basic of Financial Affairs and Contracts on the KRG Ministry of Herbal Sources, showed that Iraq and Türkiye had reached a one-year meantime protocol to care for oil exports during the Kurdistan Area pipeline to Türkiye’s Mediterranean port of Ceyhan.
In line with the KRG and Iraqi government, primary global operators have finished maintenance to grease fields broken via previous safety incidents, permitting manufacturing to step by step get better. Iraq’s Oil Ministry has said that no primary hindrances stay to restoring output as corporations resume commonplace box operations.
Present manufacturing stands at round 260,000 barrels in keeping with day, with exports anticipated to extend step by step towards the pipeline’s historic capability of 400,000 to 420,000 barrels in keeping with day. Preliminary export volumes are anticipated to vary between 230,000 and 420,000 barrels in keeping with day as manufacturing continues to get better.
Roughly 50,000 barrels in keeping with day will stay allotted for home intake and native refineries around the Kurdistan Area.
Underneath the settlement between Erbil and Baghdad, many of the crude produced within the Kurdistan Area will probably be brought to Iraq’s State Oil Advertising and marketing Group (SOMO) for global export, whilst the government will suppose duty for the felony and safety framework governing the exports.
The most recent settlement is anticipated to offer better simple task for global power corporations working within the Kurdistan Area and fortify power cooperation between Iraq and Türkiye as each side paintings towards restoring oil exports during the strategic Iraq-Türkiye pipeline.
Turkish Minister of Power and Herbal Sources Alparslan Bayraktar talking on the press convention, July 9, 2026. (Picture: INA)
