Oil storage tanks at the Turkish port of Ceyhan
Iraq’s tangled Ceyhan oil web
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
The central government in Baghdad and the Kurdish Regional Government (KRG) in Erbil have reached an agreement to restart oil exports via the Turkish port of Ceyhan. Under the agreement, the KRG will immediately start supplying 230,000b/d to state oil marketer SOMO. The KRG’s production is estimated at 280,000b/d, of which 50,000b/d is assigned for local consumption within the region. The KRG was producing about 435,000b/d before the pipeline closure in March 2023. Turkey halted the link that carried about 0.5m b/d of oil following an arbitration court’s order to pay Iraq $1.5b. The court ordered the payment for oil transfers made between 2014 and 2018 without Baghdad’s consent. Turkey blame
Also in this section
7 November 2025
The Russian company’s German assets are under Berlin’s management and are exempt from sanctions, for now, but a permanent solution still needs to be found
6 November 2025
The Russian firm made a significant attempt to expand overseas over the past two decades but is now divesting its global operations
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
5 November 2025
Construction of the pipeline in Afghanistan is making tangible progress, but extending it into Pakistan and India remains unrealistic for political reasons
