Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) has agreed to acquire a 15 percent stake in BP Energy Company of Kirkuk Limited, joining BP and ConocoPhillips in the redevelopment of several major oil and gas fields in northern Iraq.

The 1973 Iraq-Turkey oil pipeline deal is over. Turkey took a 15% Kirkuk stake with BP; treat 1 million b/d as politics until loadings catch up.

Ankara could receive 1 million barrels per day of Iraqi oil after Turkish Petroleum stake in BP-run Kirkuk oilfield.