750,000 bpd Oil Flow Secured as Turkey Extends Iraq Pipeline Deal
The one-year extension of the Iraq-Turkey oil pipeline deal locks in up to 750,000 barrels per day of crude supply that bypasses the troubled Strait of Hormuz. The agreement directly stabilizes logistics for tanker operators, Mediterranean refineries, and crude traders reliant on Kirkuk blend. Planned infrastructure from Basra to Kirkuk signals further supply chain integration for northern exports.