Iraq considers oil export options
As plans are made to rebuild its oil pipeline to Turkey, Iraq is hoping to open export routes to Iran and Jordan
Iraq, despite many security and economic problems, has witnessed major success in some aspects of its energy sector. Oil exports have risen from less than 1m barrels a day in 2003 to around 3.5m b/d at the end of 2017. The problem is that for most of this period, the overwhelming volumes of exports were through Basra in the south of the country. With oil production capacity rising, the Basra facilities are beginning to strain under the load. New ways of getting Iraqi oil to market are needed. Exports through the Iraq-Turkey Pipeline (ITP) to Ceyhan on the Mediterranean coast stopped in 2014 when a section inside Iraq was destroyed by the Islamic State (IS) group. At the same time, Kurdish Pe
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields