Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive and hazardous transport by tanker truck, Oil Minister Jabar Al-Luaibi said on Saturday.
The network is part of a “strategic” plan for oil transportation that includes pipelines to deliver crude and oil products to neighboring countries, he said.
The only crude pipeline now in operation in Iraq links the northern, semi-autonomous Kurdish region to Turkey’s Mediterranean coast.
All other crude pipelines were shut down or destroyed in the past 35 years as a result of wars and conflicts. Iraq, OPEC’s second-largest producer after Saudi Arabia, once had an extensive network of pipelines to export its crude.
One of them carried Iraqi oil across Syria to Lebanon’s Mediterranean coast, another to Turkey’s Mediterranean coast, largely bypassing the Kurdish region, and one to the Red Sea across Saudi Arabia.
Iraq earlier this month announced plans to build a crude pipeline to fellow OPEC member Iran.
Source: arabnews
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property marketMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor