Turkey Said To Extend Iraq Oil Pipeline Deal By One Year

By Firat Kozok, Patrick Sykes and Khalid Al-Ansary

Aug 1, 2026 (Bloomberg) –Turkey reached an agreement with Iraq to extend an expired oil pipeline deal by one year and increase flows through it, ensuring supply through an exports route that bypasses the Strait of Hormuz.

Iraqi exporters will continue to ship crude oil through the 986-kilometer (613-mile) pipeline from Kirkuk to Turkey’s Mediterranean port of Ceyhan.

The interim agreement allows for a “reserved” export capacity of as much as 750,000 barrels per day, Iraqi Oil Ministry Spokesman Salim Al-Rikabi told Bloomberg by phone. He added that such flows are contingent on