Iraq to Restart Oil Exports via Ceyhan
The Iraqi Ministry of Oil announced the resumption of oil exports through the Turkish port of Ceyhan at an amount of up to 750,000 barrels per day, based on a temporary one-year agreement between Iraq and Turkey. The agreement aims to sustain Iraqi oil exports via this port and still depends on the improvement of security conditions, the return of foreign companies, and the production activity in the Kurdistan Region, with a plan to develop export capacity to over one million barrels per day through a pipeline project from Basra to Ceyhan. This comes amid a significant decline in Iraq's exports through the Strait of Hormuz, which dropped to around 10 million barrels in April 2026 after Iran imposed a blockade on the strait.
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