ID :
140947
Mon, 09/06/2010 - 20:37
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Shortlink :
http://m.oananews.org//node/140947
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TURKEY, IRAQ TO REVISE KIRKUK-YUMURTALIK OIL PIPELINE DEAL
ADANA (A.A) - 06.08.2010 - Turkey and Iraq will revise the agreement on Kirkuk-Yumurtalik crude oil pipeline which connects the northern Iraqi city of Kirkuk to the Turkish Mediterranean port of Ceyhan, Turkey's energy minister said on Sunday.
An earlier agreement had expired in March.
Turkish Energy Minister Taner Yildiz said that a new contract on financing and oil flow had been drafted and that it was planned to be signed in Baghdad on September 19.
Under the new deal, the pipeline will carry 70 million tons of crude oil annually from Iraq to Ceyhan, an energy hub in southern Turkey.
"Iraq must export its oil and natural gas for country's normalization. This is a project that could help its normalization," Yildiz said.
An earlier agreement had expired in March.
Turkish Energy Minister Taner Yildiz said that a new contract on financing and oil flow had been drafted and that it was planned to be signed in Baghdad on September 19.
Under the new deal, the pipeline will carry 70 million tons of crude oil annually from Iraq to Ceyhan, an energy hub in southern Turkey.
"Iraq must export its oil and natural gas for country's normalization. This is a project that could help its normalization," Yildiz said.
