Pipeline Politics: Turkey and Iraq's One Year Deal Amid Global Shifts The news that Turkey and Iraq have signed a one year agreement to keep crude flowing through the Kirkuk Ceyhan Oil Pipeline has sparked a mix of reactions in the global energy market.
On the surface, this deal appears to be a straightforward arrangement to ensure the continued flow of 750,000 barrels per day through the pipeline.
However, as we examine the details, it becomes clear that this agreement is not just about oil exports, but also about the geopolitics of the region.