Iraq faces delays as Iraq-Turkiye oil talks stall, tensions continue. Negotiations remain unresolved between the two countries. This situation affects northern oil exports and future investment plans.
First, Iraq exports about 200,000 barrels per day from Kirkuk. These shipments move through the Kirkuk region. However, talks between Iraq and Türkiye have not reached an agreement.
Moreover, Deputy Oil Minister Bassem Mohammed explained the issue clearly. He said Türkiye shows reluctance toward the previous draft deal. Instead, Ankara proposes new investments inside Iraq’s oil sector.
As a result, Baghdad now studies this proposal carefully. Officials aim to secure mutual benefits through cooperation. Therefore, Iraq may accept investment projects to move negotiations forward.
Previously, both sides followed a structured agreement. This framework regulated exports through the Iraq–Turkey pipeline. It also defined revenue sharing and oversight between Baghdad and the Kurdistan Region.
However, the current deadlock increases pressure on Iraq. The country needs alternative export routes urgently. Disruptions linked to the Strait of Hormuz have already affected global shipments.
Meanwhile, Iraq adjusts domestic supply to manage shortages. The government transports crude oil from southern fields to northern refineries. This step helps offset reduced production from Kirkuk.
In addition, exports from the Kurdistan Region remain limited. Current shipments stand at about 30,000 barrels per day. Several oil companies have suspended operations, which has reduced output further.
However, officials see potential for recovery. If companies return, exports through Türkiye could rise sharply. Volumes may reach between 400,000 and 500,000 barrels per day.
In conclusion, Iraq Turkiye oil talks stall continues to shape export dynamics. Both sides must find a balanced agreement soon. Iraq-Turkiye oil talks remain a key challenge for energy stability.