The agreement extended a decades-long bilateral arrangement ​that expired on Monday which allows ​the operation of Baghdad’s only functioning export ⁠pipeline, the Iraq-Turkey Pipeline (ITP).

“While our efforts continue towards a new long-term agreement for this pipeline… we have implemented this transit arrangement covering a daily capacity of 750,000 barrels,” the minister said on X.

Bayraktar said he had a “productive” meeting in ​Ankara with Iraq’s oil minister and his delegation and ‌they ⁠signed the one-year deal between Turkish state energy company BOTAS and Iraq’s state oil companies SOMO and NOC.

The extension allows time for talks ​on a ​more comprehensive ⁠agreement. Turkey wants the pipeline, with a capacity of 1.5 million ​barrels per day (bpd), to be fully ​utilised ⁠and possibly extended to southern Iraqi oil fields.

The pipeline to the Turkish port of Ceyhan ⁠currently ​carries around 170,000 bpd, ​according to Turkish data.