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Turkey to help Iraq build oil pipeline
12 May 2013 09:51 AM Updated : 12 May 2013 09:51 AM
Opec member Iraq will need new oil pipelines to export its crude to world markets as it prepares to raise production, and Turkey is keen to help its neighbour build the infrastructure, Turkey’s Energy Minister said, according to Reuters.
Iraq, the world’s fastest-growing oil exporter, aims to boost the 2.4 million barrels per day of oil it ships to world markets this year, mostly by increasing output from the fields around the disputed northern oil city of Kirkuk in the semi-autonomous Kurdistan region.
The opening of new export outlets and investment by foreign companies at the southern oil fields around Basra, where the vast majority of Iraqi oil is located, have boosted Iraqi shipments.
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12 May 2013 09:51 AM Updated : 12 May 2013 09:51 AM
Opec member Iraq will need new oil pipelines to export its crude to world markets as it prepares to raise production, and Turkey is keen to help its neighbour build the infrastructure, Turkey’s Energy Minister said, according to Reuters.
Iraq, the world’s fastest-growing oil exporter, aims to boost the 2.4 million barrels per day of oil it ships to world markets this year, mostly by increasing output from the fields around the disputed northern oil city of Kirkuk in the semi-autonomous Kurdistan region.
The opening of new export outlets and investment by foreign companies at the southern oil fields around Basra, where the vast majority of Iraqi oil is located, have boosted Iraqi shipments.
[You must be registered and logged in to see this link.]
