Iraq plans to soon start construction of a new oil pipeline to Syria and Turkey to diversify its hydrocarbon export routes.
"The next step is to complete all procedures to start construction of the new Basra-Haditha oil pipeline, which will then be connected to Ceyhan in Turkey and Baniyas in Syria," Iraqi Oil Ministry spokesman Salim al-Rikabi told RIA Novosti, Tuesday (4/8), reported by ANTARA from Sputnik.
On August 1, Iraq and Turkey signed an agreement on the transportation of Iraqi crude oil through a pipeline to the Port of Ceyhan. The document stipulates a minimum flow rate of 750,000 barrels per day.
On July 17 in Washington, Iraq and Syria signed a memorandum of understanding on the restoration of an oil pipeline linking the two countries.
Iraq's oil sector has been hit hard by the conflict in the Persian Gulf and the de facto closure of the Strait of Hormuz, the route through which most of Iraq's oil exports have been shipped.
Therefore, the Iraqi government is trying to increase oil exports through alternative routes.
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