Turkey-Kurdistan Pipeline to be Completed September

Source: The Wall Street Journal 6/19/2013, Location: Middle East

A pipeline that would carry oil from Iraqi Kurdistan to the Turkish border is scheduled for completion by October, Kurdistan's minister of natural resources said.

Speaking at a conference in London, the minister, Ashti Hawrami, said the pipeline will have an initial capacity of 300,000 barrels a day, rising to more than 1 million barrels a day.

The pipline could be a game-changer for Iraq's oil industry and could also have profound political implications.

Baghdad and the Kurds are at odds over who should control the oil wealth of the semi-autonomous region of northern Iraq, and the Kurdistan regional government has been shipping oil by trucks to Turkey in defiance of Baghdad.

Those shipments currently amount to about 30,000 barrels a day, well below Kurdistan's capacity, which Mr. Hawrami said was about 300,000 barrels per day and expected to rise to 400,000 barrels a day by the end of the year.

"I am confident that Kurdistan's exports via pipeline will become a reality very soon," Mr. Hawrami said.

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects


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Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


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