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

Building a Sustainable Future in Andalusia – Tepsa’s New Terminal
03.28.2025 - NEWS
March 28, 2025 [Tepsa]- In an era of rapid energy transition and increasing demand for eco-consci... Read More
Glencore's South African Refinery Invests in Cleaner Fuels
03.28.2025 - NEWS
March 28, 2025 [Reuters]- Astron Energy, a unit of global commodity trader Glencore will invest u... Read More
Oil Retreats Amid Tariff Worries, Set for Third Week of Gains on Supply Woes
03.28.2025 - NEWS
March 28, 2025 [Reuters]- Oil prices retreated on Friday amid tariff-related demand concerns, but... Read More
Saudi Arabia May Cut May Oil Prices for Asia to Three-Month Low
03.28.2025 - NEWS
March 28, 2025 [Reuters]- Top oil exporter Saudi Arabia may lower its crude prices for Asian buye... Read More