by Daniel J. Graeber
Washington (UPI) Oct 10, 2017
An oil company working in the north of Iraq is called on to overhaul an export pipeline that runs from Kirkuk to a Turkish port, the government in Baghdad said.
A spokesman for the Iraqi Oil Ministry, Asim Jihad, said Tuesday the ministry called on the North Oil Co. to "speed up the implementation of the project to rehabilitate the oil pipeline network of crude oil after the victories achieved by our security forces."
Iraqi Prime Minister Haider al-Abadi said in late August that Nineveh province and its capital, Mosul, were liberated from the Islamic State, also known as ISIL, ISIS, and Daesh. That led the federal government to start a reconstruction campaign in the region after years of battling the terrorist threat.
The Oil Ministry wants the North Oil Co. to work on repairs on the artery running from oil fields in Kirkuk in northern Iraq to the Turkish port at Ceyhan on the Mediterranean Sea. That line is different from the one used by companies operating in the Kurdish region to send oil north.
Parts of the region are considered disputed territories with the semiautonomous Kurdistan Regional Government.
Jihad said the line could carry between 250,000 barrels and 400,000 barrels per day, more or less on par with the capacity for the Kurdish pipeline to Ceyhan. The oil flag-planting in the north comes one week after calls to overhaul regional oil fields after Mosul's liberation.
Iraqi Oil Minister Jabbar al-Luaibi gave the order last week to rehabilitate the oil fields in northern Ninevah province with the goal of starting oil production in "the next few months." According to his spokesman, he gave the order to increase production to the point that it would "cover the local needs of the refineries, power stations and the liberated cities."
Luaibi at the time gave no indication that oil from Ninevah province would be sent to the foreign market.
The Kurdish region held a referendum for independence in late September. The move was contentious as Turkey, which is battling an insurgency from Kurdish militant groups, said it could close the border and stop the half million barrels of oil flowing from the Kurdish north every day.
So far, there are no indications oil operations in Kurdish territory have been impacted since the referendum. The Iraqi Oil Ministry said meetings were held Monday with Turkish officials to review ways to facilitate Iraqi oil exports through the north.
Washington (UPI) Oct 9, 2017
Liquefied natural gas could help satisfy growing energy demands in India, especially if commodity prices continue to improve, Wood Mackenzie found. In its October forecast, the Reserve Bank of India predicted inflation would hold steady at 4.5 percent through 2019 and real gross value added growth, the grand total of all revenues, should increase from 6.7 percent through 2018 to 7.4 per ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|