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After months of suspension.. Türkiye: The Iraqi oil pipeline is ready for operation
International
2023-10-05 | 04:23
After months of suspension.. Türkiye: The Iraqi oil pipeline is ready for operation
Source:
Sky News
357 views
Alsumaria News - International,
the Turkish Minister of Energy, Alp Arslan Bayraktar, confirmed today, Thursday, that the crude oil pipeline from Iraq via Turkey, which has been suspended for about six months, is ready to operate as of Wednesday, and that Ankara is preparing to start shipments.
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Turkey stopped flows through the oil export route from northern Iraq after a ruling issued by the International Chamber of Commerce that ordered Ankara to pay compensation to Baghdad for unauthorized exports between 2014 and 2018.
The Kurdistan region of Iraq exported approximately 450,000 barrels of crude oil per day before the pipeline was closed, and Ankara later began maintenance work for the pipeline, through which about 0.5 percent of global oil supplies passes.
Speaking to NTV, Bayraktar said that there are now no obstacles to shipping Iraqi oil to global markets.
Bayraktar had announced, on the sidelines of the ADIPEC 2023 conference in Abu Dhabi, that his country would begin operating the Iraqi-Turkish pipeline this week, and that it would be able to transport approximately half a million barrels to global markets.
He continued, saying that his country constitutes a reliable transit route for transporting oil and gas.
In a related context, Reuters quoted an Iraqi oil official, on Tuesday, as saying that talks aimed at resuming Iraqi oil exports via a pipeline passing through Turkey are still ongoing.
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International
2023-10-05 | 04:23
After months of suspension.. Türkiye: The Iraqi oil pipeline is ready for operation
Source:
Sky News
357 views
Alsumaria News - International,
the Turkish Minister of Energy, Alp Arslan Bayraktar, confirmed today, Thursday, that the crude oil pipeline from Iraq via Turkey, which has been suspended for about six months, is ready to operate as of Wednesday, and that Ankara is preparing to start shipments.
Sorry, the video player failed to load.(Error Code: 101102)
Turkey stopped flows through the oil export route from northern Iraq after a ruling issued by the International Chamber of Commerce that ordered Ankara to pay compensation to Baghdad for unauthorized exports between 2014 and 2018.
The Kurdistan region of Iraq exported approximately 450,000 barrels of crude oil per day before the pipeline was closed, and Ankara later began maintenance work for the pipeline, through which about 0.5 percent of global oil supplies passes.
Speaking to NTV, Bayraktar said that there are now no obstacles to shipping Iraqi oil to global markets.
Bayraktar had announced, on the sidelines of the ADIPEC 2023 conference in Abu Dhabi, that his country would begin operating the Iraqi-Turkish pipeline this week, and that it would be able to transport approximately half a million barrels to global markets.
He continued, saying that his country constitutes a reliable transit route for transporting oil and gas.
In a related context, Reuters quoted an Iraqi oil official, on Tuesday, as saying that talks aimed at resuming Iraqi oil exports via a pipeline passing through Turkey are still ongoing.
[You must be registered and logged in to see this link.]
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