...

PM: Kirkuk-Yumurtalik oil pipeline to be connected to Ceyhan terminal

Oil&Gas Materials 7 October 2013 15:40 (UTC +04:00)
The Kirkuk-Yumurtalik oil pipeline will be connected to the Ceyhan terminal.
PM: Kirkuk-Yumurtalik oil pipeline to be connected to Ceyhan terminal

Azerbaijan, Baku, October 7/Trend, R.Hafizoglu/

The Kirkuk-Yumurtalik oil pipeline will be connected to the Ceyhan terminal, Turkish Prime Minister Recep Tayyip Erdogan said, the Anadolu agency reported on Monday.

According to him, the Baku-Tbilisi-Ceyhan oil pipeline is one of the most important pipelines.
Earlier, Turkish Minister of Energy and Natural Resources Taner Yildiz said that Turkey is ready to buy all the Iraqi oil this country puts out to world markets.

He also stressed the Kirkuk-Yumurtalik oil pipeline operates at one-third of its capacity which is detrimental to Iraq's economic interests.

The minister also added that the defective operation of Kirkuk-Yumurtalik oil pipeline leads to excess expense which reduces the incomes from oil sales and Turkey is ready to eliminate the malfunction in the pipeline.

Stockholders of BTC Co are BP (30.1 per cent), AzBTC (25 per cent), Chevron (8.9 per cent), Statoil (8.71 per cent), ТРАО (6.53 per cent), Eni (5 per cent), Total (5 per cent), Itochu (3.40 per cent), Inpex (2.5 per cent), ConocoPhillips (2.50 per cent) and ONGC (2.36 per cent).

Tags:
Latest

Latest