Latest news with #Iraq-Turkey
Iraq Business
3 days ago
- Business
- Iraq Business
Turkiye Terminates Iraq Crude Oil Pipeline Agreements
By John Lee. The Government of Turkiye has officially announced the termination of the long-standing Iraq-Turkey Crude Oil Pipeline Agreements, effective 27 July 2026, by Cabinet Decision No. 10113. The termination applies to the following agreements and related documents: The Crude Oil Pipeline Agreement dated 27 August 1973, approved by Cabinet Decision No. 7/9843 of 22 April 1975; The Pipeline Protocol dated 10 October 1976, approved by Decision No. 7/12745; The Memorandum of Understanding (MoU) and accompanying letters approved by Decision No. 8/2403 of 16 February 1981, particularly Section VI and its annexes; The Supplementary Agreement to the Crude Oil Pipeline Agreement, approved by Decision No. 86/10556 on 11 April 1986; The Amendment Agreement dated 15 April 2011, approved by Decision No. 2011/1705, which modified the original 1973 agreement and subsequent related protocols, MoUs, meeting minutes, and annexes. According to a statement from Government of Turkiye, this decision marks a significant legal and geopolitical step in redefining the terms of energy cooperation between Turkey and Iraq, as the original agreement had governed the operation and transit terms of the Kirkuk-Ceyhan crude oil pipeline for over five decades. The reasons for the termination have not yet been officially disclosed, but the move is expected to have wide-ranging implications for regional energy trade, pipeline operations, and diplomatic relations. Exports of crude oil from northern Iraq via the Turkish port of Ceyhan have been halted since 25 March 2023, following legal action by Iraq's federal oil ministry against Turkey's energy ministry. The KRG stated this stoppage has cost the federal government, the region, and oil companies more than 25 billion dollars. Last week, the Ministry of Oil in Baghdad approved the terms of a new arrangement for the export of oil from Iraqi Kurdistan. See text of the official announcement here. (Source: Official Gazette of the Republic of Turkey) Tags: Association of the Petroleum Industry of Kurdistan (APIKUR), Ceyhan, cg, featured, Genel Energy, GKP, Gulf Keystone Petroleum, Iraq Oil Exports News, Iraq Oil Production News, Iraq-Turkey Pipeline (ITP), Iraq-Türkiye Pipeline, KRG, Kurdistan News, Ministry of Oil, oil contracts, oil revenues, State Oil Marketing Organization (SOMO), Turkey, Turkiye
Rudaw Net
3 days ago
- Business
- Rudaw Net
Iraq says Turkey ready to renew, expand oil export deal
Also in Middle East PKK disarmament could be completed within four months: Kurdish lawmaker Sudani, Erdogan discuss Ankara-PKK peace talks President Barzani plays key role in PKK peace talks, says veteran politician Turkey continues to strike PKK ahead of disarmament: Watchdog A+ A- ERBIL, Kurdistan Region - Iraqi oil ministry said late Monday that the Turkish government has officially expressed its willingness to renew the 1973 oil export agreement with Baghdad and expand it to other fields, a day after Ankara announced the end of the deal. Turkish President Recep Tayyip Erdogan will not renew the 1973 Iraq-Turkey oil export agreement and the deal is set to be terminated in 2026, the country's official gazette announced on Monday. The agreement stipulates that the deal will be considered extended unless a termination note is sent by one of the parties one year before its expiration. The state-run Iraqi News Agency (INA) late Monday cited an official from the Iraqi oil ministry as saying that based on this Ankara has sent a letter to Baghdad 'expressing its desire to renew the agreement and attaching a draft of a new agreement for cooperation in the energy field that is more comprehensive than the previous agreement, as it included cooperation in the fields of oil, gas, petrochemical industries, and electricity in order to expand the horizons of cooperation between the two countries." The unnamed source added that both sides have been negotiating a new deal since July 2014, noting that the Iraqi oil ministry 'is in the process of reviewing the draft agreement sent by the Turkish side and negotiating with them about it to reach a formula that serves the interests of Iraq and Turkey." Turkey has confirmed sending the letter to Iraq. The agreement was first signed between the Turkish and Iraqi governments on August 27, 1973, and has been renewed repeatedly over the years, most recently in 2010. The Iraq-Turkey crude oil pipeline was built to transport crude oil from Kirkuk and other fields to the Turkish port of Ceyhan on the Mediterranean. The development comes amid renewed efforts by the Iraqi federal government and the Kurdistan Regional Government (KRG) to resume long-stalled oil exports from the Kurdistan Region through the Iraq-Turkey pipeline. Oil exports from the Kurdistan Region through the pipeline have been halted since March 2023 when a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated the 1973 pipeline agreement by allowing Erbil to begin exporting oil independently in 2014.
Dubai Eye
3 days ago
- Business
- Dubai Eye
Turkey submits draft proposal to Iraq to renew, expand energy agreement
Turkey has submitted a draft proposal to Iraq to renew and expand an energy agreement between the two countries to include cooperation in oil, gas, petrochemicals and electricity, an Iraqi oil ministry official told the state news agency. The statement came after Ankara announced the end of a decades-old agreement covering the Kirkuk-Ceyhan oil pipeline. "The Ministry of Oil is in the process of reviewing the draft agreement sent by the Turkish side and negotiating with them regarding it to reach a formula that serves the interests of Iraq and Turkey", the Iraqi oil ministry official added. The 1.6 million barrel-per-day Kirkuk-Ceyhan pipeline has been offline since 2023 after an arbitration court ruled Ankara should pay $1.5 billion in damages for unauthorised Iraqi exports between 2014 and 2018. Turkey is appealing the ruling. Turkey still wants to revive the oil pipeline with Iraq, a senior Turkish official told Reuters earlier on Monday. In a decision published in its Official Gazette on Monday, Turkey said the existing deal dating back to the 1970s - the Turkey-Iraq Crude Oil Pipeline Agreement - and all subsequent protocols or memorandums would be halted from July 27, 2026. Iraq and Turkey have been working to resume oil flows from the pipeline. Ankara said in late 2023 that the pipeline was ready to receive Iraq's oil but talks between Baghdad, Iraq's Kurdistan Regional Government and independent oil producers were not able to reach an agreement on terms. The Turkish official said the pipeline had the potential to become a "highly active and strategic pipeline for the region". The person added that Turkey had invested heavily in its maintenance, and noted its importance for regional projects like the Development Road - a planned trade route involving Turkey and Iraq. "A new and vibrant phase for the Iraq-Turkey pipeline will benefit both countries and the region as a whole," the Turkish official said, without giving details of what Ankara wanted the new agreement to include. Turkey sees the Development Road initiative - a high-speed road and rail link, running from Iraq's port city of Basrah on the Gulf to the Turkish border and later to Europe - as an opportunity to extend the pipeline further south. Baghdad allocated initial funding for the project in 2023.
Rudaw Net
4 days ago
- Business
- Rudaw Net
Erdogan will not seek Turkey-Iraq oil export deal renewal: Gazette
Also in Turkey PKK says no more disarmament until Ankara enacts reforms Turkish parties discuss forming PKK peace commission in parliament Parents find missing daughter during PKK disarmament ceremony Erdogan expects 'concrete' steps on commission overseeing peace with PKK A+ A- ERBIL, Kurdistan Region - Turkish President Recep Tayyip Erdogan will not renew the 1973 Iraq-Turkey oil export agreement and the deal is set to be terminated in 2026, the country's official gazette announced on Monday. In a presidential decree published on Turkey's Legal Gazette, Erdogan signed the 'decision on the termination of the part and annex letters' and 'the supplementary agreement to the crude oil pipeline agreement' between Iraq and Turkey, approved by the Turkish Council of Ministers in 1975. The deal is set to be terminated on July 27, 2026, according to the letter. It was first signed between the Turkish and Iraqi governments on August 27, 1973, and has been renewed repeatedly over the years, most recently in 2010. The Iraq-Turkey crude oil pipeline was built to transport crude oil from Kirkuk and other fields to the Turkish port of Ceyhan on the Mediterranean. Erdogan's decision comes amid renewed efforts by the Iraqi federal government and the Kurdistan Regional Government (KRG) to resume long-stalled oil exports from the Kurdistan Region through the Iraq-Turkey pipeline. Oil exports from the Kurdistan Region through the pipeline have been halted since March 2023 when a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated the 1973 pipeline agreement by allowing Erbil to begin exporting oil independently in 2014.
Iraq Business
05-06-2025
- Business
- Iraq Business
Turkish Firm to Double Electricity Interconnector Capacity to Iraq
By John Lee. Iraq's Minister of Electricity, Ziyad Ali Fadel, has overseen the signing of a new contract with Turkish company Alifrin to double the capacity of the Iraq-Turkey electricity interconnection line from 300 to 600 megawatts. Under the agreement, the first phase will see the supply of 300 MW via the Jazira-Kesk 400kV line in Nineveh province, with full capacity expected within a month. The Ministry has already completed all required technical preparations, including stations and transmission lines. The project will directly enhance electricity supply to northern regions and provides strategic benefits by linking Iraq's grid with the European energy network, of which Turkey is a key member. Importantly, the agreement adopts a "Take and Pay" model, meaning Iraq will pay only for consumed power-offering financial flexibility and avoiding waste. This initiative is part of the Ministry's broader strategy to diversify energy sources and reduce dependency on a single supply channel, while strengthening cooperation with neighbouring countries and the EU. (Source: Ministry of Electricity)
