Turkey resists extending Kirkuk–Ceyhan oil pipeline deal set to expire on July 27

Turkey is refusing to extend the Iraq Kirkuk–Turkey Ceyhan crude oil pipeline agreement under the current terms, with the deal set to expire on July 27. The line has a designed capacity of nearly 1.5 million barrels per day and is a key export route for Iraq outside the southern Basra port. With Basra constrained by restrictions tied to access through the Strait of Hormuz, a shutdown of the pipeline would materially cut Iraq’s oil exports. Even with unresolved arbitration and legal disputes, the risk of the agreement lapsing is seen as a near-term disruption to global crude supply.