Minister of Energy and Natural Resources Bayraktar announced that the Iraq-Turkiye Oil Pipeline is ready for operation as of today and will be put into operation this week.
Minister Bayraktar spoke at the opening session of the Abu Dhabi International Petroleum Fair and Conference held in the capital of the United Arab Emirates (UAE).
Bayraktar stated that Turkiye has long been a reliable route for oil and natural gas. He noted that as of today, 2 million barrels of oil passes through Turkiye’s straits per day and the Iraq-Turkiye Oil Pipeline, which has been active for about 45 years, has a capacity of 500 thousand barrels of oil per day.
Regarding the Iraq-Turkiye Oil Pipeline, which was taken into maintenance due to the Kahramanmaras-centered earthquakes that occurred on February 6, floods and similar disasters, Bayraktar said, “The Iraq-Turkiye Oil Pipeline is ready for operation as of today. We will put the line into operation this week. After the pipeline becomes operational, 500 thousand barrels of oil will be supplied to global oil markets.”
“We ship a significant amount of gas to Europe with TANAP”
Stating that Turkiye has shipped a significant amount of gas to Europe with the Trans-Anatolian Natural Gas Pipeline Project (TANAP), Bayraktar said, “As of today, we are sending gas to Hungary, Bulgaria, Romania and Moldova via the Western Balkan Pipeline. We are becoming more and more a hub for natural gas.”
Bayraktar also explained that Turkiye, which aims to reduce its dependence on foreign energy, focuses on investments in oil, gas and renewable energy and sees nuclear energy investments as an important tool to reduce carbon emissions.
Minister Bayraktar is expected to meet with UAE government officials and senior executives of the world’s leading energy companies within the scope of the forum.
Source: Trthaber / Prepared by Irem Yildiz