Iraq plans new oil export pipeline
Iraq plans to build a new oil pipeline from Kirkuk’s oilfields to the Ceyhan port in Turkey.
Reuters reported that the Iraqi Oil Ministry stated the new pipeline will replace an old and damaged section of the Kirkuk-Ceyhan oil pipeline.
The 900 km pipeline, which will start in Baiji City and run to the Faysh-Khabur border near Turkey, has not been in use since 2014 when it was damaged by roadside bombs.
Reuters said Oil Minister Jabar al-Luaibi has asked the ministry to prepare to invite companies interested in building the new pipeline project, which will be implemented under an investment model build-operate-transfer.
Exports from Kirkuk oilfields have been on hold since Iraqi government forces took control of them last month.
By reinstating the pipeline, Reuters reported that the Oil Ministry hopes to increase its oil exports to 400,000 bbl/d.
For more information visit the Reuters website.
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