Iraqi oil ministry's new Kirkuk-Ceyhan pipeline to go through KRG

28 Novembre, 2017, 01:09 | Auteur: Anatole Charbonneau
  • Iraq to build new oil pipeline to Turkey

Oil Minister Jabbar al-Luaybi has ordered documents to be prepared towards building the new pipeline to "transport crude oil from Kirkuk's oilfields to the port of Ceyhan" in Turkey, a ministry spokesman said in a statement.

Iraq's oil minister, Jabar al-Luaibi, ordered companies and departments working with his ministry to prepare the necessary paperwork for the new pipeline which will replace the severely damaged one.

The territory in which the Kirkuk-Ceyhan pipeline ran was taken by Daesh terrorist group in 2014 and subsequently recaptured by USA -backed Iraqi forces over the past two years. It will run from the city of Baiji to Faysh Khabur at the border with Turkey, an area which is still under the control of the Kurdistan Regional Government (KRG).

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Domestically, Iraq is looking to fix power outages across seven war-torn provinces following a US$400 million contract with the American utilities firm GE Power to build 14 electricity substations that will connect them with the grid.

As part of its agreement with the Iraqi electricity ministry, the USA firm said it would help the ministry secure funding through various financial institutions, including export credit agencies commercial banks.

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