Overview
- Turkish President Recep Tayyip Erdoğan said Tuesday that Iraq offered up to 1 million barrels per day of oil and that state-owned Turkish Petroleum will take a 15% stake in BP Energy Company of Kirkuk Limited under a share‑transfer agreement.
- Iraqi technical teams have been in Ankara to seek a one‑year extension of the expired Kirkuk‑Ceyhan export pact while ministers press for a new comprehensive energy cooperation framework.
- Negotiations in Ankara covered possible new pipelines linking Basra and Haditha to Turkey and Syria, follow‑up on the multi‑billion dollar Development Road corridor, and unresolved terms such as transit fees and minimum throughput.
- Security and water were central topics with both governments discussing coordinated action against the PKK and Iraqi requests for firmer water‑release guarantees from Turkish dams that feed the Tigris and Euphrates.
- Any lasting agreement must clear Iraqi political and legal hurdles, meet financing and security conditions, and will shape Iraq’s effort to reduce reliance on Strait of Hormuz exports and attract foreign investment.