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
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
12 September 2024
The oil alliance must navigate the good, the bad and the ugly in its showdown with the market at the beginning of December
12 September 2024
The transition to oil evokes revolution and renaissance
10 September 2024
The August/September issue of Petroleum Economist is out now!