Turkish President Recep Tayyip Erdogan announced yesterday, July 20, that Turkey will not renew the Iraq-Turkey oil export agreement, first operational in 1973, with its termination set for July 27, 2026. This decision, reported by Turkey’s Legal Gazette, signifies a major shift in the long-standing energy partnership between the two nations. The non-renewal of the agreement was confirmed through an official announcement published in Turkey's Legal Gazette, as reported by Rudaw English. The current agreement has facilitated the flow of Iraqi oil through Turkish pipelines for decades, serving as a critical export route for Iraq. The termination date of July 27, 2026, provides a two-year transition period for both countries. The 1973 agreement has been a cornerstone of economic cooperation, particularly for oil exports from northern Iraq, and its conclusion will necessitate new arrangements for the transportation and sale of Iraqi crude.
