From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Why Turkiye let the Kirkuk-Ceyhan Pipeline Deal Expire
When the decades-old legal framework governing the Kirkuk-Ceyhan oil pipeline expired on July 27, Turkiye allowed it to lapse without immediately replacing it. The step was taken despite expectations that new Iraqi Prime Minister Ali Al-Zaidi's visit to Ankara the following day would produce a renewal.
The trip did feature the signing of five bilateral accords. But they covered education, youth and sport, industrial property and transportation, with no sign of the most consequential agreement. Confirming that the pipeline accord had expired, Turkish President Recep Tayyip Erdogan said the objective was to conclude a comprehensive new energy cooperation agreement as soon as possible.
Four days later, the two sides inked a transit arrangement covering 750,000 barrels per day (bpd) of crude, pending the conclusion of a long-term agreement.
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