Investment Opportunity in Ziyen.com, the owner of Rebuilding Iraq

+44(0) 800 772 3004
marketing@ziyen.com

Pipeline in Iraqi Kurdistan Region Will Not Operate for a Further Two Weeks

Pipeline will not operate for a further two weeks.

The Iraqi Kurdistan region, Kirkurk which supplies the world markets with 600,000 barrels per day of crude oil from their rich natural resources has been unable to export oil due to security issues with the pipe lines which run through or near the Kurdish southeast region of Turkey that is under severe security threat.

The security issue has been spurned on by a dissolved ceasefire agreement between Turkish militants and Kurdish southeast Turkey.

"The work to fully restore the security of the pipeline will take more time. We think that it will take two weeks at least," one Turkish industry source said. Although the pipeline has not lost pressure, it has been unsafe to carry crude to Turkey's mediterranean port of Ceyhan since February 17th.

Categories

Read more news like this