Erdogan Says Turkey Could Get 1M Barrels of Oil a Day From Energy Deal with Iraq
Erdogan said the supply plan would help Turkey diversify imports as the two countries negotiate a broader energy deal after the pipeline accord expired.
- On Tuesday, Turkish President Tayyip Erdogan and Iraqi Prime Minister Ali al-Zaidi met in Ankara to discuss energy cooperation, with Erdogan stating Turkey could secure up to 1 million barrels of oil daily under a new plan.
- The Kirkuk-Ceyhan crude oil pipeline agreement expired Monday, prompting Turkish Energy Minister Alparslan Bayraktar to announce TPAO acquired a 15% stake in BPECKL to develop approximately 3 billion barrels of reserve potential.
- Erdogan emphasized regional security, noting Turkey is in close dialogue with Iraq to address the Kurdistan Workers' Party, designated a terrorist organization by Turkey, the United States, and the European Union.
- Ahead of a scheduled trip to Saudi Arabia on Thursday, al-Zaidi ordered security agencies to investigate alleged drone attacks on the kingdom, stating Iraq is committed to preventing its territory from being used for such operations.
- Agreements worth around $60 billion signed earlier this month between U.S. companies and Iraq set the stage for infrastructure projects, including a proposed pipeline connecting Basra to Ceyhan and Baniyas to diversify oil shipping.
35 Articles
35 Articles
Turkey Sees Ongoing Oil Flow From Iraq as Pipeline Talks Proceed
(Bloomberg) — Turkey expects crude oil flows from Iraq to continue despite the countries’ failure to replace a decades-old pipeline deal that expired on Monday, according to Turkish officials familiar with the matter.
Iraq wants to supply 1m oil barrels a day to Turkey amid Hormuz crisis
Iraqi Prime Minister Ali Zeydi visited Ankara for his first talks with Erdoğan since taking office, offering to supply Turkey with 1 million barrels of oil per day as Ankara seeks to reduce its dependence on disrupted Gulf routes.
Turkey and Iraq are preparing a comprehensive energy agreement that can supply up to a million barrels of oil per day, and TPAO's state-owned company has also purchased 15% of the BP oil project in Kirkuk.
BP brings Turkey’s TPAO into Iraq’s Kirkuk project as Baghdad targets 1 million bpd exports
Baghdad (IraqiNews.com) — BP has agreed to sell a 15% stake in its Kirkuk operating business to Turkey’s state-owned oil firm TPAO, strengthening Ankara’s position in one of Iraq’s major oil reconstruction projects. Baghdad and Turkey have also agreed to work together to increase Iraqi crude exports to 1 million barrels per day. The agreement, announced during Prime Minister Ali Al-Zaidi’s visit to Ankara, comes after BP sold a 42% stake in BP E…
A signature crisis erupted between President Erdoğan and Iraqi Prime Minister Zeidi in front of the cameras. An Iraqi minister close to Iran caused a signature crisis on live television after the Erdoğan-Zeidi meeting.
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