Iraq's oil exports to Turkey persist despite pipeline deal ending

Reports indicate that Iraqi oil flows to Turkey via the Kirkuk-Jihan pipeline are still ongoing despite the expiration of the bilateral agreement that previously regulated its operation. No new extension has been signed between Baghdad and Ankara so far. The pipeline, which transports around 170,000 barrels per day, is the main outlet for oil exports from northern Iraq via the Jihan port, representing about 11% of its maximum capacity of 1.5 million barrels per day. The continuation of operations remains at risk, as both sides are working to reach a temporary agreement that would allow exports to continue while negotiations are underway to expand the agreement. This expansion could include increasing the pipeline's utilization and connecting additional oil fields, with expectations of a temporary extension that would provide more time for broader negotiations.

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