Iraq Hopes to Complete Oil Pipeline to Raise Exports This Year



Reuters

ANKARA, April 9 (Reuters) – Iraqi Oil Minister Abdul Kareem Luaibi said on Wednesday his country hoped to complete construction of a 200 km (124 miles)oil pipeline to raise exports to Turkey to more than 1 million barrels per day (bpd) this year.

"We are building a pipeline in Iraq," Luaibi was speaking to Reuters on the sidelines of an oil and gas conference in the Turkish capital Ankara. "I believe the daily oil flow will exceed one million barrels a day when that line is completed. I hope it happens this year."

(Reporting by Orhan Coskun; Writing by Daren Butler)



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