Oil flow via Iraq-Türkiye pipeline will resume this week: Turkish energy minister

ANKARA (AA) – The Iraq-Türkiye oil pipeline that transports Iraqi crude oil from Kirkuk to export facilities in Ceyhan on the Turkish Mediterranean coast will resume operations this week and transmit 500,000 barrels of oil per day to global markets, Türkiye’s energy minister has said.

The 970-kilometer-long pipeline, which has been in use for the previous 45 years but was damaged by the devastating earthquakes that struck Türkiye in February, will resume supply this week, Alparslan Bayraktar confirmed.

Speaking on the sidelines of the ADIPEC Exhibition and Conference in Abu Dhabi, the energy minister relayed the country’s energy ambitions to become an energy trading hub, which he said was one step closer to realization given the recent gas supply agreements signed with Romania, Hungary, Bulgaria and Moldova.

The country’s energy priorities also include the supply of reliable and affordable energy to its citizens to meet growing demand, along with its aim to decarbonize the country’s economy.

“Demand is growing in Türkiye and to meet this growing demand, we need a lot of investment in power, gas and oil,” Bayraktar said, given the expectations that electricity demand in the country will grow by 3.7% over the next two decades.

Bayraktar said Türkiye is heavily investing in renewable resources to help meet growing local power demand, reduce energy dependency on foreign resources and contribute to the country’s decarbonization.

The country is also diverging towards nuclear power and is constructing its first nuclear plant in Mersin in the country’s south, with the goal of reaching over 20 gigawatts of nuclear power generation with large-scale conventional as well as small modular reactors.