Iraq and Turkey Strike 1 Year Pipeline Deal to Boost Exports Amid Ongoing Hormuz Closures The recent agreement between Iraq and Turkey to transport Iraqi crude oil through a pipeline to Turkey's Mediterranean port of Ceyhan has sparked hopes for a new era in regional energy cooperation.
The deal appears to be a pragmatic response to the ongoing disruptions in shipping through the Strait of Hormuz, which have crippled Iraq's oil exports since February.
The pipeline will transport a minimum of 750,000 barrels of Iraqi crude per day through the Kirkuk to Ceyhan route.