Turkiye takes ‘historic step’ on energy alliance with Iraq
Summary
Turkiye is set to buy a 15% share in the Kirkuk oilfield in northern Iraq and may receive up to 1 million barrels of oil per day from Iraq. Turkish President Erdogan and Iraqi Prime Minister al-Zaidi discussed new energy cooperation as well as security, trade, and water management during a meeting in Ankara.Key Facts
- Turkiye’s state-owned Turkish Petroleum (TPOA) will acquire a 15% stake in BP Energy Company of Kirkuk Limited.
- Iraq may supply Turkiye with up to 1 million barrels of oil per day.
- The original 1975 oil export agreement via the Kirkuk-Ceyhan pipeline expired on July 27 and will not be renewed.
- Turkiye aims to diversify its energy sources beyond current agreements.
- Iraq’s prime minister visited Turkiye to discuss security, trade, transport, water, and energy cooperation.
- Turkiye has about 50 military bases in northern Iraq to combat the Kurdistan Workers’ Party (PKK), which it considers a terrorist group.
- The PKK announced disarmament in mid-2025 as part of a peace deal with Turkiye.
- The energy deal is part of broader ties between Turkiye and Iraq involving security, energy, and transportation.
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