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
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
13 February 2026
Artificial intelligence is pushing electricity demand beyond the limits of existing grids, increasing the role of gas and LNG in energy system planning as a fast, flexible solution
13 February 2026
Panellists at LNG2026 say demand growth will hinge less on the level of global supply and more on the pace of downstream buildout, policy clarity and bankable market frameworks
13 February 2026
The Middle Eastern gas giant and Asian energy heavyweight ink a 20-year landmark LNG agreement at LNG2026 in a significant step towards strengthening global energy partnership
