Iraq builds pipeline for oil exports to Turkey

Oil&Gas Materials 27 November 2013 13:58 (UTC +04:00)

Baku, Azerbaijan, Nov. 27
Rufiz Hafizoglu-Trend:

Iraq has started construction of a new pipeline for oil exports to Turkey, Zaman newspaper reported on Nov.27.

According to the publication, the total cost of the pipeline construction running to a length of 120 kilometres will be $90 million.

The newspaper also reported that construction work is due to be completed in a year.

It was reported earlier that Turkish Minister of Energy and Natural Resources Taner Yildiz said that Ankara is showing interest in the energy reserves of Northern Iraq.

According to the minister, Ankara's policy in the energy sphere won't allow it to stand idle to the region's energy reserves.

The minister also stressed that all the projects being implemented by Ankara in Northern Iraq will contribute towards the development of that country.

He also said that a new oil pipeline will be constructed for improving oil supplies from northern Iraq to Turkey.