Turkiye takes ‘historic step’ on energy alliance with Iraq

Ankara could receive 1 million barrels per day of Iraqi oil after a Turkish Petroleum stake in the BP-run Kirkuk oilfield.Published On 29 Jul 202629 Jul 2026Turkiye might soon receive up to 1 million barrels per day of oil from Iraq after buying a stake in the British Petroleum-run Kirkuk oilfield in northern Iraq, according to Turkish President Recep Tayyip Erdogan.At a joint news conference with Iraqi Prime Minister Ali al-Zaidi in Ankara on Tuesday, Erdogan said state-owned Turkish Petroleum (TPOA) would acquire a 15 percent stake in BP Energy Company of Kirkuk Limited under a separate share‑transfer agreement.Al-Zaidi was in Turkiye to discuss bilateral security, trade, transport and water management, as well as a new energy deal.The visit came just as the Iraq-Turkiye crude oil agreement – which in 1975 operationalised the Kirkuk-Ceyhan Oil Pipeline moving Iraqi crude to the Turkish Mediterranean terminal of Ceyhan – expired on July 27.Rather than renew the agreement, Turkiye said it was seeking a new energy cooperation framework with Iraq.Erdogan confirmed that al-Zaidi had offered to supply Turkiye with 1 million bpd. “Yes, that’s correct. Once we transfer 1 million barrels ...