Iraq sold about 42 million barrels (mmbbls) of oil in July, including 35.5 mmbbls from its southern ports and 7 mmbbls through Türkiye’s Ceyhan port, Ali Nizar al-Shatari, Director General of Iraq’s state-run Oil Marketing Company (SOMO), said in comments to Dijlah TV.

Shatry said the fee for transporting crude oil through Turkey was $1.62 per barrel under a one-year agreement recently signed by the two countries.

The fee covers the operation and maintenance of the pipeline by Turkey’s state-owned energy company BOTAS, Shatry added.

Iraq and Türkiye have recently signed a one-year agreement to maintain operations of the Iraq-Türkiye crude oil pipeline, ensuring the continued flow of Iraqi crude through the country’s only functioning export pipeline.

The interim agreement, signed in Ankara between BOTAS and SOMO and North Oil Company (NOC), extends a decades-old bilateral arrangement that ended earlier this week.

The Iraq-Türkiye Pipeline (ITP), which links Iraq’s northern oil fields to the Mediterranean export terminal at Ceyhan, has a nameplate capacity of 1.5 million barrels per day (mmbbl/d). However, it is currently transporting about 170,000 bbl/d, according to Turkish data.