What is the significance of the one-year extension Iraq plans to sign for the Iraq-Turkey Pipeline (ITP)?

The one-year extension allows Iraq to continue exporting crude oil through the Turkish port of Ceyhan, maintaining operation of Baghdad's only functioning export pipeline—the Iraq-Turkey Pipeline (ITP)—whose previous agreement expired on Monday. This extension provides critical continuity for Iraqi oil exports while enabling time for negotiations on a more comprehensive long-term agreement.

What are Turkey's objectives regarding the Iraq-Turkey Pipeline beyond the one-year extension?

Turkey seeks to fully utilize the pipeline’s existing capacity of 1.5 million barrels per day—currently operating at only around 170,000 bpd—and potentially extend it to connect with southern Iraqi oil fields, as stated by Iraqi oil ministry spokesman Salim al-Rikabi in remarks to the Iraqi News Agency.

Iraq expects to sign extension of pipeline deal with Turkey, INA says

Aug 1, 2026

Iraq intends to sign a one-year extension for its crude oil pipeline to Turkey's Ceyhan port, maintaining 750,000 barrels per day capacity while negotiating a broader agreement.

reuters

2026-08-01

Iraq expects to sign extension of pipeline deal with Turkey, INA says

Iraq expects to sign extension of pipeline deal with Turkey, INA says

FAQ