Energy and Natural Resources Minister Alparslan Bayraktar attended a signing ceremony in Ankara earlier this week for an agreement under which Turkish Petroleum Corporation (TPAO) will acquire a 15 percent stake in BP Energy Company of Kirkuk Limited (BPECKL).

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.