Construction of pipeline to Turkey not included in plans of Iraq
Azerbaijan, Baku, July 11 /Trend A.Taghiyeva/
Construction of a new oil pipeline between Iraq and Turkey to transport oil to Europe is not included in the plans of Iraq, a source in the government of the country told Trend.
"The implementation of the project may be considered in a few years. Currently, Iraq doesn't see the need to implement it," the source said.
Iraq has recently expanded its export potential, particularly after the commissioning of floating ports that allowed to increase oil production and exports in Iraq, a source told Trend.
On the other hand, it was noted that Iraq did not have accurate information about the fact that oil from Kurdish autonomy exported to Turkey. However, if Turkey does import oil from Kurdish autonomy without permission of Baghdad, Iraq will take serious steps towards Turkey.
"Cooperation between Turkey and Kurdish autonomy is illegal. It may affect the Partnership between Baghdad and Ankara," the source told Trend.
Earlier, Minister of Energy and Natural Resources Taner Yildiz said Turkey and Iraq are considering the issue of constructing a new pipeline.
Yildiz said the capacity of Kirkuk-Yumurtalik pipeline, designed to transport crude oil from Iraq to Turkey, can be increased several times over three years.
A number of Turkish media also reported that Kurdish autonomy began to export oil to Turkey. It was reported that the Turkish refineries processed crude oil and petroleum products will be exported back to the Kurdish autonomy.
According to BP, Iraq's proven oil reserves amounted to 143.1 billion barrels as of late 2011.
The country ranks third in OPEC after Saudi Arabia and Iran. According to BP, oil production in Iraq amounted to 2.798 million barrels per day in late 2011.
At the same time the Kurdish administration in northern Iraq has oil reserves of 45 billion barrels.