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Economy

Turkish Media: Erdogan Ends Historic Oil Agreement with Iraq After 52 Years in Effect

July 21, 2025267 ViewsRead Time: 2 minutes
Turkish Media: Erdogan Ends Historic Oil Agreement with Iraq After 52 Years in Effect
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Turkish media outlets confirmed today, Monday, that Turkish President Recep Tayyip Erdogan officially signed a decision to terminate the crude oil pipeline agreement between Turkey and Iraq dating back to 1973, a landmark agreement that lasted for over half a century and is considered one of the most significant economic understandings between the two countries.

Reports mentioned that "the decision was published in the Turkish Official Gazette under issue number 10113, bearing President Erdogan's personal signature, and states the official termination of the agreement as of July 27, 2026."

It was explained that "the agreement, signed over five decades ago, aimed to secure the export of crude oil from Iraq to the Turkish port of Ceyhan, undergoing several amendments over the years, with the latest in 2010 extending it for an additional 15 years, a period that will naturally end next year."

Reports clarified that "the cancellation decision includes terminating all protocols and additional documents related to this historic agreement, paving the way for new options regarding Iraqi oil exports through Turkish territories that may reshape the economic relationship between Baghdad and Ankara."

The Iraq-Turkey pipeline represents one of the strategic arteries for exporting Iraqi oil to global markets and has been a major axis in the economic relations between the two countries, especially amidst tensions in recent years due to legal disputes between Baghdad and Erbil, and Ankara's use of the pipeline to export oil from the Kurdistan Region despite objections from the Iraqi government.
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Lubna Nissani

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