Iraqi Kurdistan Plans Second Oil Pipeline via Turkey - Minister


ISTANBUL, Oct 31 (Reuters) – Iraq's northern Kurdistan region plans to complete a second new oil export pipeline to Turkey in the next 18 months to two years with a capacity of 1 million barrels per day (bpd), the region's natural resources minister said on Thursday.

Ashti Hawrami said Iraqi Kurdistan would monitor its crude oil exports independently of the central government in Baghdad once a first new pipeline to Turkey is opened, and said that line would link to the existing Kirkuk-Ceyhan pipeline and make use of its spare capacity.

"We will independently monitor. When we linked to Baghdad's metering station before we lost thousands of barrels of oil every day ... That era is closed," Hawrami told an industry conference in Istanbul.

(Reporting by Humeyra Pamuk; Writing by Nick Tattersall)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Logistics Coordinator & Optimization Analyst
Expertise: Logistics Management
Location: Billings, MT
Expertise: Heavy Machinery Operator
Location: Midland
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours