March 16, 2010Turkey seeks renewal of Iraq pipeline deal
ANKARA:Turkey hopes to extend a deal on operating a pipeline carrying Iraqi oil to world markets by up to 20 years, Energy Minister Taner Yildiz was quoted as saying Tuesday.
Ankara and Baghdad are currently engaged in negotiations to renew the deal, which expires this month, the minister told a conference.
"Hopefully, we will reach an agreement for another 15-20 years," Yildiz said, according to Anatolia news agency.
The 970-kilometre (600-mile) pipeline runs from oil-rich Kirkuk in northern Iraq to Turkey's Mediterranean port of Ceyhan, from where the crude is shipped to world markets on tankers.
The twin conduit, first inaugurated in 1976, carried 167.6 million barrels of oil last year, according to Turkish statistics.
AFP and ...
ANKARA:Turkey hopes to extend a deal on operating a pipeline carrying Iraqi oil to world markets by up to 20 years, Energy Minister Taner Yildiz was quoted as saying Tuesday.
Ankara and Baghdad are currently engaged in negotiations to renew the deal, which expires this month, the minister told a conference.
"Hopefully, we will reach an agreement for another 15-20 years," Yildiz said, according to Anatolia news agency.
The 970-kilometre (600-mile) pipeline runs from oil-rich Kirkuk in northern Iraq to Turkey's Mediterranean port of Ceyhan, from where the crude is shipped to world markets on tankers.
The twin conduit, first inaugurated in 1976, carried 167.6 million barrels of oil last year, according to Turkish statistics.
AFP and ...
Tuesday, March 16, 2010
Convention on the operation of the Kirkuk Ceyhan oil _ Ending Soon
He said Turkish Energy Minister Taner Yildiz said that his country hopes to renew the operation of an Iraqi pipeline running from Kirkuk to the Turkish port of Ceyhan on the Mediterranean Sea for a period ranging between 15 and 20 additional years.
Yildiz said in a conference on energy held in Turkey, Tuesday, The Convention, which govern the operation of the pipeline will be completed in the month of March now.
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