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Iraq/Turkey Pipeline to Start "Within This Week": Turkish Energy Minister

OIL

The Iraq/Turkey pipeline is ready to start operating and will begin within this week according to Turkey’s Energy Minister Alparslan Bayraktar on Monday.

  • “Within this week, we will start operating the Iraq Turkey pipeline after resuming operations, it will be able to supply half a million barrels, almost, to global oil markets” said.
  • The closure of the pipeline has stopped about ~450,000 bpd of crude reaching global markets.
  • Turkish officials said that it’s completed repairs to the link following an earthquake.

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