Türkiye aims to make Ceyhan a Mediterranean oil trading hub
Türkiye aims to develop the oil terminals at Ceyhan on its Mediterranean coast into a regional center for storing, trading and pricing crude and petroleum products, Energy and Natural Resources Minister Alparslan Bayraktar said.
“We can make Ceyhan something akin to Rotterdam,” Bayraktar said in a televised interview. “Our goal is to turn it into a center where oil and petroleum products are stored, traded and priced.”
The Ceyhan area is the Mediterranean endpoint of both the Baku-Tbilisi-Ceyhan (BTC) and Iraq-Türkiye crude oil pipelines. Expanded flows from Iraq form a central part of Ankara’s plans for the terminal.
Under a one-year agreement signed on Aug. 1, Iraq secured 750,000 barrels per day of capacity on the Iraq-Türkiye pipeline.
