- BIST10011,593-1.10%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,191.40+0.25%
- INTEREST37.00%-1.00
- BITCOIN82,130+0.14%
- October 19, 202617°
- BIST10011,593-1.10%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,191.40+0.25%
- INTEREST37.00%-1.00
- BITCOIN82,130+0.14%
- October 19, 202617°
Iraq plans to route oil exports to global markets via Türkiye and Syria
Iraqi Prime Minister Ali Falih al-Zeidi called on Saturday for the completion of a strategic pipeline project that would enable oil exports via Türkiye and Syria. The project, comprising the Basra-Haditha-Fishkhabur and Haditha-Baniyas routes, aims to diversify Iraq’s oil export routes.
Iraqi Prime Minister Ali Falih al-Zeidi instructed officials to complete work on a strategic project for oil exports via Türkiye and Syria in accordance with the established standards.
The project’s technical and economic details, along with its export routes, were reviewed at a meeting chaired by al-Zeidi on Saturday. Iraqi Oil Minister Basim Khudr, ministry officials and representatives of the companies carrying out the project attended the meeting.
Two routes planned for oil exports
The project consists of two routes: Basra-Haditha-Fishkhabur and Haditha-Baniyas. The Basra-Haditha-Fishkhabur line is planned to connect Iraq’s oil fields in the south to Fishkhabur, near the Turkish border, via Haditha.
The line is expected to connect to the Kirkuk-Ceyhan pipeline, enabling Iraqi oil to be exported through the port of Ceyhan on the Mediterranean coast. The Haditha-Baniyas line will extend from western Iraq to Syria’s Baniyas Port.
The Haditha-Baniyas route would provide an additional outlet for Iraq’s oil exports and could allow the historic oil route between Syria and Iraq to be used again.
Iraq seeks to diversify its export routes
The meeting also addressed the volumes of oil expected to be exported through the two lines, as well as the project’s long-term economic and development impacts.
Al-Zeidi said the crude oil export pipeline project was of strategic importance to Iraq and would strengthen the country’s export capacity. He said the project would serve Iraq’s economic and development interests both today and in the future, and instructed the Oil Ministry to provide the requirements needed to facilitate the work of the companies carrying out the project.
Stay Updated with Hilal Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
