Turkiye to get 1 million bpd Iraqi oil in Kirkuk deal

Turkish President Erdogan announced that Turkiye may receive up to 1 million barrels per day of oil from Iraq after state-owned Turkish Petroleum acquires a 15% stake in the BP-run Kirkuk oilfield. The deal, described as a historic step in energy cooperation, comes amid regional tensions and the closure of the Strait of Hormuz, driving Baghdad to seek alternative export routes through Turkiye.