Turkey Wants Iraq-Turkey Pipeline to Work at Maximum Capacity, Minister Says
03.03.2025 By Tank Terminals - NEWS

March 03, 2025 [Reuters]- Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey’s Ceyhan, Turkish Energy Minister Alparslan Bayraktar was quoted as saying by the state-owned Anadolu news agency on Sunday.

 

The pipeline was halted by Turkey in March 2023 after the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad $1.5 billion in damages for unauthorised exports between 2014 and 2018.

Turkey has said since late 2023 that it is ready to resume operations at the pipeline, carrying oil exports from the semi-autonomous Kurdistan region. Bayraktar told Reuters last month that Ankara had not received confirmation on resuming flows.

On Friday, eight international oil firms operating in Iraq’s Kurdistan region said they would not resume oil exports through Turkey’s Ceyhan despite an announcement from Baghdad that the restart was imminent.

“This pipeline has been ready for 1.5 years already. We want the Turkey-Iraq pipeline, especially the two pipelines of 650 km from our Silopi to Ceyhan to be used,” Bayraktar said.

“We want some of the oil passing through this line to go to the refinery in Kirikkale, and also via ships through Ceyhan, to refineries in Turkey or to different refineries in the world, so that the capacity of the line can be used at the maximum level,” he added.

Bayraktar also said a planned trade route project involving Turkey and Iraq, dubbed the Development Road Project, included the construction of a pipeline reaching the Persian Gulf for the Iraqi oil flows to go to global markets via Turkey.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Europe’s LNG Imports Hit Seasonal High
03.31.2025 - NEWS
March 31, 2025 [Oil Price]- Europe is taking advantage of weak Asian demand for liquefied natural... Read More
Chinese Oil Major Discovers New Field
03.31.2025 - NEWS
March 31, 2025 [Oil Price]- China’s state energy company CNOOC said today it had discovered a n... Read More
Baker Hughes Expands Margham Gas Storage Project Involvement
03.31.2025 - NEWS
March 31, 2025 [Rigzone]- Baker Hughes Co. has secured a multi-year contract with Dubai Petroleum... Read More
Uganda Signs Deal with UAE Investment Firm Over Oil Refinery
03.31.2025 - NEWS
March 31, 2025 [Reuters]- Uganda on Saturday signed an oil refinery agreement with UAE-based Alph... Read More